A B and C started their independent businesses with equal amounts of capital Duringthe first year A ...........

Quantitative Aptitude( Paper-I ) Profit and loss

A, B and C started their independent businesses with equal amounts of capital. Duringthe first year A made 10% profit, B incurred 10% loss and C made a profit of 5%. In the second year A incurred 20% loss, B made profit of 20% and C made profit of 5%. Which ofthe following is false at the end of second year?

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CAPF 2015 Paper-1

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C is the richest

A is the poorest

B is the richest

C is richer than B

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Explanation:

the equal amountof capital of A,B and C is 100During 1 st year,A made 10% profite=110

B incurred 10% loss=90
C made 5% profit=105
During 2 nd year,
A incurred 20% loss=88
B made 20% profit=108
C made 5% profite=110.25
C is the richest
Hense option c is false