A man invests some money in a business and get 10% returns in a year. Next year he invests total output in other business and gets 20% returns in next year. In third year when he invests output after two year then he gets 30% loss in that year. What is the overall profit or loss in percentage he receive ?
Let amount be 100 After 1 year it would become 110 Afer 2 year ,as 20% profit is there =110+22=132 After 3 year,as 30% loss is there=132-39.6=92.4 So finally he will get a loss =100-92.4=7.6%
Overall 7.6% loss
