Question

Amol bought a plot of land for 70000 and a car for 32000 on the same day . The value of the plot appreciates uniformly at the rate of 10% every year while the value of the car depreciates by 20% for the first year and by 10% for the second year. If amol sells the plot of land as well as the car after 2 years what will be the profit or loss on the whole

Answer 1

value of both things before selling=102000
value of land after 2 yrs=84700
value of car after 2 yrs=22040
value of both things after 2yrs=106740
hence there will be profit =106740-102000=4740
profit % = 474/102%