Question

the profits of a firm were rs. 72000 in the year 2014. During the next year it increased by 7% and decreased by 5%in the following year. What are the profit of the firm after two years

Answer 1

Profit for year 2014 = Rs 72,000

Find the profit in 2015:

Increase = 7% of Rs 72,000

Increase = 0.07 x 72,000 = Rs 5040

Profit = 72000 + 5040 = Rs 77,040

Find the profit in 2016:

decrease = 5% of Rs 77,040

decrease = 0.05 x 77,040 = Rs 3852

Profit = 77,040 - 3852 = Rs 73,188

Answer: The profit is Rs 73,188 after 2 years

Answer 2

please coment me the answer