Raman openeda bookshop with an initial investment of ₹40000. In the nrst
vez he incurred a loss of 5%. However, during the second year, he earned
prostor 10% which in the third year rose to 1242%. Calculate his net profit
for the entire period of three years.
Please answer it quickly
Answers
Answered by
6
Answer:
7025
Given,
Initial Investment = 40000, Loss = 5%, Profit = 10% = 1242.
To Find,
Net profit for the entire period of 3 years.
Solution,
Initial Investment = 40000, Loss = 5%.
Profit in second year = 10%, Profit in third year = 12 (1/2) = 25/2%.
His assests at the end of third year ,
==> {40000 * (1 - 5/100) * (1 + 10/100) * (1 + 25/200)}
==> 40000 * 9/8 * 19/20 * 11/10
==> 75240000/1600
==> 47025
Net Profit = 47025 - 40000 = 7025.
Result,
Net profit for the entire period of 3 years = 7025.
#Hope my answer helped you.
Answered by
2
Step-by-step explanation:
Investment (P)= 40000
1st year = -5%
2nd yr = +10%
3rd year= +12.5%
Investment after 3yrs= 40000×(1-5/100)(1+10/100)(1+12.5/100)
=47025
:. profit= 47025-40000
= 7025
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