A) 1020000
B) Rs.1050000
C) 1505000
D) Data inadequate
Correct Answer: B
Solution :
Investment and Income in 2000 = Rs. x and Rs. 1.20x Investment and Income in 2000 = Rs. \[(x-50000)\]and\[1.20x\] \[\therefore \] Profit \[=20+6=26%\] Income in 2001= Rs. \[(x-50000)\times (1.00+0.26)\] Thus, \[1.26\,\,(x-50000)=1.20x\] x = Rs.1050000You need to login to perform this action.
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