Rajesh started a business with ₹50,000. In the first year, he earned a profit of 20%. He reinvested the entire amount (principal + profit) in the second year. In the second year, he incurred a loss of 15%. At the end of the second year, he sold his remaining business assets and additionally received ₹8,000 as goodwill. What is his total profit or loss percentage on his original investment?

Subject: Mathematics | Topic: Arithmetic | Difficulty: MEDIUM

Options

  1. (A) 15% loss
  2. (B) 12% loss
  3. (C) 18% profit
  4. (D) 20% profit

Verified Answer

Option (C): 18% profit

Practice complete mock tests for SSC, Banking & Railway exams at https://testx.in/questions/01a0bf53-c857-783e-9f2f-ccfc9640f78c/rajesh-started-a-business-with-50000