In the first year on an investment of Rs. 6,00,000

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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