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Deepak starts a business with a capital of 1,60,000. He incurs a loss of 10% during the first year. But he makes a profit of 5% during the second year
Question

Deepak starts a business with a capital of 1,60,000. He incurs a loss of 10% during the first year. But he makes a profit of 5% during the second year on his remaining investment. Finally, he makes a profit of 25% on his new capital during the third year. Find his total profit at the end of three years

A.

Rs. 29,500

B.

Rs. 29,000

C.

Rs. 28,000

D.

Rs. 28,500

Correct option is B

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