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
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Answer 1

Answer:

Step-by-step explanation:

PRINCIPAL=2500000

PROFIT OF FIRST YEAR=5%OF 2500000=1,25,000

2ND YER PROFIT=10%OF 1,25,000=12500

TOTAL PROFIT =1,25,000+12,500=1,37,500