Fill in the blanks to make the statement true.In the first year on an

1.	Fill in the blanks to make the statement true.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 ______.
Answer» 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

Fill in the blanks to make the statement true.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 ______.

Answer»

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