Question

mahindra set up a factory be investing rs 250000 during first two years his profits were 5% and 10% if each year the profit was on previous years capital calculate his total profit

Answer 1

Hey friend

here is your answer:-

GIVEN-Rs 250000

profit percent for 1st year=5%

profit percent for 2nd year = 10%

TO FIND- total profit

First we find the profit for 1st year

profit= 250000×5/100

=12500

profit for 1 st year is Rs12500

Now find the profit for 2nd year

profit = 250000×10/100

=25000

profit for 2nd year is Rs25000

total profit is 12500+25000=Rs37500

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