Sumit started a business with a capital of ₹50000 and incurred a loss of 20%. With the remaining capital, he again started another business and earned a profit of 5%. Find the
amount available with him at present.
Answers
Answered by
0
amount available with sumit is
Rs42000
Answered by
0
Answer:
16% loss
Explanation:
Sumit invested amount in food products business = Rs 50,000
Suffered a loss of = 20%
Loss = 20/100 * 50,000
Loss = 10,000
Therefore, Sumit suffered a loss of 10,000 Rs in food products business.
Remaining balance = 50,000 - 10,000
Remaining balance = 40,000 rupees
Now,
Sumit invested this remaining capital in new Sweet business.
Amount invested = 40,000
Profit gained = 5%
Total profit = 5/100 * 40,000
Total profit = 2,000 rupees
Therefore,
Total Capital = 40,000 + 2000 = 42,000
And, Total loss = 50,000 - 42000
= 8000
% of loss gained = 8000/50000 * 100
% of loss gained = 16%
Therefore,
Total Loss = 16%
Therefore, 16% of his loss computed to his original capital.
Similar questions