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A man invested Rs. 8000 for a year in the share market. At the end of the year, he gained 15% and he invested the amount for the second year. At the end of the second year, he suffered a loss of 15%. Find the gain or loss per cent in the investment after two years.1). 5.25% gain2). 5.25% loss3). 2.25% loss4). 2.25% gain |
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Answer» ⇒ Amount after one year with 15% GAIN = 8000 x 115/100 = RS. 9200⇒ Amount after 2ND year with a loss of 15% = Rs. 9200 x 85/100 ⇒ Amount after 2nd year with a loss of 15% = Rs. 7820 ⇒ Loss percent = (8000 – 7820)/8000 x 100 ⇒ Loss percent = 2.25% ∴ the loss percentage is of 2.25 % |
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