Question:
Amit started a shop by investing ₹5,00,000. 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 % Profit.
Amit started a shop by investing ₹5,00,000. 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 % Profit.
Updated On: Sep 3, 2024
- 12%
- 17%
- 19%
- 15%
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The Correct Option is B
Solution and Explanation
The correct option is (B) : 17%.
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