Question

Mahindra set up a factory by investing ₹2500000. During the first two years, his profits
were 5% and 10% respectively. If each year the profit was on previous year's capital,
calculate his total profit.​

Answer 1

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

HOPE IT HELPS YOU!