Question
Mathematics Question on Profit and Loss
Amit started a shop by investing ₹5,00,000. In the first year he incurred a loss of 5%. However, during the second year he earned a profit of 10% which in the third year rose to 12%. Calculate his % Profit.
A
12%
B
17%
C
19%
D
15%
Answer
17%
Explanation
Solution
The correct option is (B) : 17%.