A man invested Rs. 8000 for a year in the share market. At the end of the year, he gained 15% and he invested the amount for the second yea… — Answer & Discussion

A man invested Rs. 8000 for a year in the share market. At the end of the year, he gained 15% and he invested the amount for the second year. At the end of the second year, he suffered a loss of 15%. Find the gain or loss per cent in the investment after two years.

A5.25% gain
B5.25% loss
C2.25% loss
D2.25% gain

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Discussion 1

CCommunity07 Jul 2019

⇒ Amount after one year with 15% gain = 8000 x 115/100 = Rs. 9200⇒ Amount after 2nd year with a loss of 15% = Rs. 9200 x 85/100

⇒ Amount after 2nd year with a loss of 15% = Rs. 7820

⇒ Loss percent = (8000 – 7820)/8000 x 100

⇒ Loss percent = 2.25%

∴ the loss percentage is of 2.25 %