Amit gets 6% increase in his sale amount in the first year and 20% in the second year, with that his present sale is ₹254400, what was his sale (in ₹) two years ago?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 200000.
Let Amit's sale two years ago be x.
After the first year, his sale becomes = x × (106/100) = 1.06x
After the second year, his sale becomes = 1.06x × (120/100) = 1.272x
So, 1.272x = 254400
⇒ x = 254400/1.272 = 200000
Therefore, Amit's sale two years ago was ₹200000.