Question

Amit started a shop by investing rate 500000. In the first year, he incurred a loss of 5 per cent. However, during the second year, he earned a profit of 10 per cent which in the third year rose to 20 per cent Calculate his nnet profit for the entire period of three years.

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Answer 1

Explanation:

profit=10+20-5

=25%

amount of profit-500000x×25-100

=5000×25

125000