Haider made a profit of 25% in the first year next year he had a loss of 20% on the capital he had at the beginning of second year what was his overall loss or profit
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Answer:
10% LOSS
Step-by-step explanation:
1.Multiplying factor approach (final quantity = initial quantity × mf1 × mf2).
Final Capital = Initial Capital × 6/5 × 3/4
Final Capital = Initial Capital × 9/10
So initial capital is being changed from 10 to 9 which is decrease of 10 %.
Net % change is -10% i.e. 10% loss.
2. Net % change formula:
Net change = 1st % change + 2nd % change + (1st % change × 2nd % change )/100
Net % change = 20 + (-25) + (20 × -25)/100
Net % change = - 10 % means 10 % loss
❂Hope it helps❂
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