Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Quantitative Aptitude Profit and Loss Partnership
'A', 'B' and 'C' started their independent businesses with equal amounts of capital. During the first year 'A' made 10% profit, 'B' incurred 10% loss and 'C' made a profit of 5%. In the second year 'A' incurred 20% loss, 'B' made profit of 20% and 'C' made profit of 5%. Which of the following is FALSE at the end of second year ?
1
'C' is the richest
2
'A' is the poorest
3
'B' is the richest
4
'C' is richer than 'B'