551. Imran made a profit of 20 percent in the first year. Next year he had a loss of 25 percent on the capital he had at the beginning of the second year. What was his overall loss?
- A. 10 %
- B. 30 %
- C. 80 %
- D. 20 %
Check answer and explanation
Answer: 10 %
Explanation Suppose Imran has x rupees If he gain 20 percent profit After one year rupees = X + 20% of X X + 20X/ 100 = 110X + 20X / 100 120X/100 Now if he has lost 25% on 120X / 100 then Rupees after seconds year = 120X/100 – 25% of 120 X/100 =120X/100 – 25(120X)/10000 = 1200X-3000X/10000 = 1200X-3000X/10000 = 9000X/10000 =9X/10=90X/100=90% OF X Total lost = 100 – 90 =10 X = 10 % of X