Question

A man invests rs. I0000/- 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?

Answer 1

Answer:

1st year profit=1000

2nd year profit=2320

Step-by-step explanation:

given,

invests=10000

profit in 1st year=10%

2nd year valued=12320

profit in 2nd year=

solution,

             =10000 x 10%

1st year profit=1000

2nd year= 12320-10000

2nd year profit=2320