Latest Bank Exam Aptitude Question SOLUTION: Mr. X, a businessman had income in the year 1995 such that he earned a profit of 20% on his investment in the business. In the year 1996 his investment mass less by Rs. 5000 but st

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Mr. X, a businessman had income in the year 1995 such that he earned a profit of 20% on his investment in the business. In the year 1996 his investment mass less by Rs. 5000 but still had the same income(investment + profit) as that in 1995. Thus the percent profit earned in 1996 increased by 6%. What was his investment in 1995?

Asked In Bank Exam upendra singh chahar (10 years ago)

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Amar  (10 years ago)

Rs. 105000/-
If investment in year 1995 was Rs x, then income was 1.2 x.
then investment in year 1996 was Rs (x-5000), then income was 1.2 x.
As per given condition
( 0.2x+5000)/(x-5000)= 26
x= Rs. 105000/-

Is this solution Helpfull? Yes (5) | No (1)  

amrendra pratap singh  (10 years ago)

investment in 1995 is x.
profit is o.2x
income=1.2x
investment in 1996 ix x-5000
profit=0.26x
income=0.26x+x-5000
but according to condition income in 1995 is equal to income in 1996
therefore,1.2x=0.26x+x-5000
x=83333.333

Is this solution Helpfull? Yes (1) | No (4)  

Jyoti kumari  (8 years ago)

Let the investment in 1995 be Rs. x

Income in 1995 with 20% profit = 1.20x

Also the income in 1996 = 1.20x Investment in 1996

= Rs.(x – 5000)

Profit in 1996 = (20 + 6)% = 26%

Income in 1996 with 26% profit

= 1.26 (x – 5000)

1.26 (x – 5000) = 1.20x

0.06 x = 1.26 x 5000

x = 105000

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