Question

2 )Mahindra set up a factory by investing *2500000. During the first two years, his profits
were 5% and 10% respectively. If each year the profit was on previous year's capital
calculate his total profit.​

Answer 1

Answe

Step-by-step explanation:

Profit for 1st yest = rs 2500000*5% = 125000

Which is added to capital and now the capital is

2500000 + 125000 = 2625000

Profit for second year

2625000*10% = 262500

Profit for both the years = 125000 + 262500 = 387500