9
Q:
A) loss of 24% | B) gain of 28% |
C) loss of 28% | D) gain of 20% |
Answer: B) gain of 28%
Explanation:
Explanation:
Money invested by Rajan before 1 year was = Rs. 100000
Money in UK pounds @ 75 is = 100000/75 = 1333.33 Pounds
Now, after 1 year invested amount was appreciated by 20%
=> 20% of 1333.33 = 266.66
Total investment becomes = 1333.33 + 266.66 = 1600 Pounds
This 1600 Pounds @ Indian currency at 80 = 1600 x 80 = Rs. 1,28,000
Hence, Rajan's investment of Rs. 1,00,000 becomes Rs. 1,28,000 in 1 year
Therefore, his profit % = [(128000 - 100000)/100000] x 100 = 28%.