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Posted By: nemo Member Level: Diamond Posted Date: 08 Aug 2007 Category: Aptitude Test

Mr. X, a businessman had the income in the year 2000, such that he earned a profit of 20% on his investment in the business. In the year 2001, his investment was less by Rs. 5000 but still had the same income (Income = Investment + Profit) as that in 2000. Thus, the percent profit earned in 2001 increased by 6%. What was his investment in 2000?

Select Answer:

Rs. 1,02,000
Rs. 1,05,000
Rs. 1,50,500
Data inadequate
None of these

Your Test Score: 0 / 0

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