Mohit got a profit of 40% in his investment of 7 lacs and loss of 12% in his investment of 8 lacs r

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30 Nov 2020 Profit & Loss

Mohit got a profit of 40% in his investment of 7 lacs and loss of 12% in his investment of 8 lacs rupee. Find the overall profit in overall investment.

OPtion

1) 2.75
2) 2.33
3) 1.84
4) 1.62
5) 2.10
6) 1.76
7) 1.55
8) 3.86
9) 1.46
10) None of these

Solution

Total investment = 8 + 7 = 15 lacs
profit in first investment = 40*7/100 = 2.8 lacs
loss in second investment = 12*8/100 = 0.96 lacs
so overall profit = 2.8-0.96= 1.84 lacs

Correct Option: 3 Best Solution (1)