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


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Answer 1

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 2

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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