Deepak starts a business with a capital of ₹1,60,000. He incurs a loss of 10% during the first year. But he makes a profit of 5% during the second year on his remaining investment. Finally, he makes a profit of 25% on his new capital during the third year. Find his total profit at the end of three years.

1
₹29,500
2
₹29,000
3
₹28,000
4
₹28,500

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