[3 marks]
Q5) Solve the following sub question (any one)
1) Sumit borrowed a capital of Rs. 50,000 to start his food products business. In the first year
he suffered a loss of 20%. He invested the remaining capital in a new sweets business and
made a profit of 5%. How much was his profit or loss computed on his original capital?
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ANSWER
Given,
Money spent by sumit to borrow capital =50,000 Rs.
Loss suffered by sumit in first year=20%
=
100
20
×50,000
The loss suffered by sumit=10,000 Rs.
Remaining capital=50,000−10,000=40,000 Rs.
He uses this capital in sweet business & earns a profit of 5%
Profit=
100
5
×40,000
Profit=2,000 Rs.
Total amount now sumit have=40,000+2000
=42000 Rs.
Net loss of sumit=50,000−42,000
=8000 Rs.
Loss %=
50,000
8000
×100=16%
Hence, sumit has a total loss of 16%.
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