A man invests Rs. 10000- in a business. He makes a profit of 10 % in first year. At the end of 2nd year his business is valued at Rs. 12320/- How much profit did he make in the second year?
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Hlo Guys,..
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Investment = 10,000
Profit % = 10%
Time = 1 year
Amount after 1 year = 10,000 + (10,000 * 10 * 1)/100
= 10,000 + 1000
=11,000
Investment in 2nd year = 11,000
Time = 1 year
Amount = 12,320
Profit % = ?
Amount = 11,000 + ( 11,000 * P% * 1 ) / 100
12320 = 11,000 + 110 P
1320 = 110 P
P% = 12%
HOPE IT'S HELP YOU!!!!!
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Answered by
0
Answer:
B.1320
Step-by-step explanation:
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