16. A businessman invested a principal of
6,00,000. He had a profit of 6% in
the 1st year which rose to 8% in the
2nd year. He thereafter incurred a loss
of 10%. Find the total profit of the
businessman after 3 years.
Answers
Answer:
Total profit after three years is Rs. 18,192
Step-by-step explanation:
Given that,
Principal = 6,00,000
Profit = 6%
Time = 1 yr.
∴ Profit earned in the 1st year = Rs. (6,00,000 × 6) ÷ 100
= Rs. 36,000
___________________________
∴Principal for the second year = Rs. (6,00,000 + 36,000)
= Rs. 6,36,000
Profit = 8%
∴ Profit earned in the second year = Rs. (6,36,000 × 8) ÷ 100
= Rs. 50,880
____________________________
∴ Principal for the 3rd year = Rs. (6,36,000 + 50,880)
= Rs. 6,86,880
Loss = 10 %
Loss for the 3rd year = Rs. (6,86,880 × 10) ÷ 100
= Rs. 68,688
__________________________
∴ Total Profit in two years = Rs.(36,000 + 50,880)
= Rs. 86,880
Therefore, total profit after three years = Rs.(86,880 - 68,688)
= Rs. 18,192
_______________________
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Answer:
Total Profit = Rs 18,192
Total Profit after 3 years = Rs 18,192
Step-by-step explanation:
Profit (6 %) I st year :
Principal = Rs. 6,00,000
I st year : 6 %
⇒ 6,00,000 × 6 / 100
⇒ 36,000
Profit (I st year) = Rs 36,000
__________________________
Principal (II nd year) = 6,00,000 + 36,000
⇒ 6,36,000
Principal (II nd year) = Rs 6,36,000
Profit (8 %) II nd year :
⇒ 6,36,000 × 8 / 100
⇒ 50,880
Profit (II nd year) : Rs 50,880
__________________________
Principal (III rd year) = 6,36,000 + 50,880
⇒ 6,86,880
Principal (III rd year) = Rs 6,86,880
Loss (10 %) III rd year :
⇒ 6,86,880 × 10 / 100
⇒ 68,688
Loss (III rd year) = Rs 68,688
____________________________
★ Total Profit =
Profit (I st year) = Rs 36,000
Profit (II nd year) : Rs 50,880
Loss (III rd year) = Rs 68,688
⇒ 36,000 + 50,880 - 68,688
⇒ 86,880 - 68,688
⇒ 18,192
Therefore,
Total Profit = Rs 18,192
Total Profit after 3 years = Rs 18,192