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Vivek Sharma

· started a discussion

· 1 Months ago

3 (Question: 372530.0 )

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Question:

Mr. Sanjay Sharma, a businessman had some income in the year 2000, such that he earned a profit of 20% on his investment in the business. In the year 2001, his investment was less by Rs.5 lakh but still had the same income (Income = Investment + Profit) as that in year 2000. Thus the percent earned in year 2001 increased by 6%. What was his investment in year 2000?

Options:
A)

Rs.1020000

B)

Rs.1050000

C)

Rs.1505000

D)

Data inadequate

Solution:

Ans: (b)


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