Question

Gopal setup for factory by investing 2500000 during the first two successive years his profit were 5% and 10% respectively if each year the profit was on previous year's capital calculate is total profit​

Answer 1

Answer:

So, for the first year, P = Rs 25,00,000

profit% = 5%

Hence profit = 5% of 25,00,000 = Rs125000

Hence, total capital for the next year = Rs 25,00,000 + 125000 = Rs 26,25,000

Profit for second year = 10%

Hence profit = 10% of 26,25,000 = Rs 262500

Hence, total profit = Rs1,25,000 + Rs 2,62,500 = Rs3875