Question

A man embarks his whole capital upon 4successive venture. On the first one he gains 100% and on each of the remaining three he loses at the rate of 20% find out the percentage gain on his original capital.

Answer 1

Answer:

In the question say 4 successive vanture so in the first case he invest 100 and gain 100 now total 100+100=200. And he invested 200 in second case. And lose 20%. Hence 20% of 200=40 loss and total 200-40=160.