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

Answers
Answer:
Profit 17040/-
Step-by-step explanation:
5% of 100000= 5000 (loss)
amount left = 100000-5000= 95000
2nd year 10% of 95000=9500 (profit)
amount left = 95000+9500=104500
3rd year 12% of 104500 = 12540 ( profit)
amount left = 104500 + 12540 =117040
profit is of rs. 17040/- in 3 years
Answer:
= Rs 17040
Step-by-step explanation:
Given that,
Initial investment by Aman = Rs.100000
In first year = incurred a loss of 5%
In second year = earned a profit of 10%
In third year = earned a profit of 12 %
By using the formula,
A = P (1 + R/100)
x = 100000 (1 – 5/100) (1 + 10/100) (1 + 12/100)
= 100000 (95/100) (110/100) (112/100)
= 100000 (0.95) (1.1) (1.12)
= 117040
∴ Aman’s net profit for entire three years is 117040 – 100000 = Rs 17040
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