Mohan gets a 12% increase in his sale amount in the first year and a 15% increase in the second year, with that his present sale is Rs 1,28,800. What was his sale two years ago?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Rs 1,00,000.
Calculations:
Let the sale amount 2 years ago be S.
He gets a 12% increase in his sale amount in the first year and a 15% increase in the second year;
According to the question;
⇒ 1,28,800 = S × 1.12 × 1.15
⇒ S = = 1,00,000