Question:
In the first year on an investment of Rs. 6,00,000 the loss is 5% and in the second year the gain is 10%, the net result is 627000.
Solution:
627000
Explanation: Investment amount = 600000
Loss in first year = 5%.
So, investment in first year = 600000 – (5/100) x 600000 = 600000 – 30000 = 570000
In second year, the gain is 10%.
So, net result = 570000 + (10/100) x 570000 = 570000 + 57000 = 627000
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