Question

Aman started a factory within an initial investment of rupees 100000. In the first
year he incurred a loss of 5% however during his second year he earned a profit of 10% within third year rose to 12%.
calculate is net profit for the entire period of 3 years

Answer 1

Initial investment=100000
So,loss or profit is based on his initial amount.
So, loss of 5%,so loss of money=5 multiply 100000/100=rupee5000.
Now remaining amount at starting of second year=100000-5000=95000
So, after second year he earned 10%.So,now he have total amount= 95000+10multiply95000/100=104500.
And after third year he earned 12%=104500+12multiply104500/100=117040.
So, total profit he earned= 117040-100000=17040

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