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Ashish started a business with an ini...

Ashish started a business with an initial investment of Rs. 500000. In the first year, he incurred a loss of 4%. However, during the second year, he earned a profit of 5% which in the third year rose to 10%. Calculate his net profit for the entire period of three years. `R s .48800` b. `R s .54400` c. `R s .55000` d. none of these

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