A company's profit in the first quarter was ₹1,20,000. In the second quarter, the profit decreased by 15%.
What was the profit in the second quarter?
Show answer & explanation
Correct answer: A
Explanation
Profit for the First Quarter=₹1,20,000
Percentage Decrease in Profit=15%
Amount of Decrease
\begin{align*} & 1,20,000 \times 15\% \\ &= 1,20,000 \times \frac{15}{100} \\ &= 1,20,000 \times \frac{15}{100} \\ &= 1,200 \times 15 \\ &= 18,000 \end{align*}
Profit for the Second Quarter
=1,20,000−18,000
=1,02,000
Final Answer: ₹1,02,000