Question

Sumit borrowed a capital of Rs. 50,000 to start his food products business. In the first year
he suffered a loss 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?
T 1.11​

Answer 1

16%

Step-by-step explanation:

20% = 20/100 = 1/5

remaining capital => 4/5*50000 = 40000

new s.p = 42000

loss = 8000/50000 * 100 = 16%