Sumit borrowed a capital of Rs. 50,000 to start his food products business. In the first year he suffered Alisa of 20%. He invested the remaining capital in a new sweets business and made a profit of 5%. How much was his profit or loss computed on his original capital?
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Sumit occured a loss of 20% in the first year
50000x20/100= 10000
Remaining Capital = 50000-10000=40000
He invested remaining capital in sweet business & had a profit of 5%
40000x5/100= 2000
Therefore, he occured a profit of Rs. 2000
50000x20/100= 10000
Remaining Capital = 50000-10000=40000
He invested remaining capital in sweet business & had a profit of 5%
40000x5/100= 2000
Therefore, he occured a profit of Rs. 2000
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