Aman started a factory with an initial investment of Rs. 100000. In the first year, he incurred a loss of 5%. However, during the second year, he earned a profit of 10% which in the third year rose to 12%. Calculate his net profit for the entire period of three years.

Question

Philoid · Accepted Answer

Given,

Initial investment by Aman = Rs.100000

In first year = loss of 5%

In second year = profit of 10%

In third year = profit of 12 %

So,

His net profit for entire period of three years =

=

Profit = 117040 – 100000= Rs.17040