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 ______.

Question

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 1

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