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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 ______.
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Solution
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.
Explanation:
Investment amount = 7600000
In 1st year, the loss in 1st year = 5%.
So, investment in 1st year = `600000 - 5/100 xx 600000`
= 600000 – 30000
= 570000
In 2nd year, the gain is 10%.
So, net investment = `570000 + 10/100 xx 570000`
= 570000 + 57000
= 627000
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