Question

Amar Singh started a business with an initial investment of 400000. In the first year,he incurred a loss of 4%. However, during the second year, he earned a profit of 5%which in the third year rose to 10%. Calculate his net profit for the entire period of3 years.​

Answer 1

44,000 is the profit of three years.

Step-by-step explanation:

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Answer 2

Initial investment = 4,00,000

Loss or profit is based on this initial amount.

Their is a loss of 4% p.a

∴ loss of 4% of money = 4 × 400000/100 = 16000

Now, remaining amount at the beginning of the 2nd year

= 4,00,000 - 16,000 = 3,84,000

At the end of the 2nd year he earned 5% of profit

So , now he is having the total amount to be = 3,84,000+5×384000/100

38,4,000+19,200 = 40,3,200

thereafter,

the profit became 10% at the end of the third year

now,he is having the total amount to be = 403200+10×403200/100

= 403200+19200 = 443520

∴ the total profit on the entire cycle of three years  = 443520-400000 = 43520 Ans