Rehman invested Rs 10,000 for a business. After one year he noticed that his profit was 1/8 of his capital investment .He invested this proft also ento his capital After the end of this year he found that his proft was -1/8 of his present capital. Find his profit at the end of this year
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Answer:
8,593.75
Step-by-step explanation:
To get the final profit need to find the value in each year.
Given:
Total investment: 10000
Profit at first year: 1/8
Profit at second year: -1/8
Find: Need to find the profit at second year end.
Calculation:
As mentioned the profit is 1/8 at the end of first year. So, the profit:
=10000X(1/8)
=1250
Also, this is added to the investment. So, the final value after one year is:
=1250+10000
=11250
As mentioned the profit is -1/8 at the end of first year. So, the profit:
=11250X(-1/8)
=-1,406.25
Final profit at the year end:
=10000-1,406.25
=8,593.75
So, the final answer is 8,593.75
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