A B and C started their independent businesses with equal amounts of capital. During the first year A* made 10% profit, k B incurred 10% loss and C * made a profit of 5%. In the second year 6 A* incurred 20% loss, B made profit of 20% and C made profit of

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Q: 83 (CAPF/2015)
‘A ‘B’ and ‘C’ started their independent businesses with equal amounts of capital. During the first year ‘A* made 10% profit, k B ’ incurred 10% loss and ‘ C * made a profit of 5%. In the second year 6 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 ?

question_subject: 

General Knowledge

question_exam: 

CAPF

stats: 

0,12,15,7,6,12,2

keywords: 

{'profit': [0, 0, 0, 1], 'independent businesses': [0, 0, 0, 1], 'capital': [31, 3, 12, 18], 'equal amounts': [0, 0, 0, 1], 'b1': [0, 0, 0, 2]}

Option 1: `C` is the richest.

Based on the given information, `C` made a profit of 5% in the first year and a profit of 5% in the second year. However, this information does not provide any details about the initial capital or the expenses made by `C`. Without this information, it is not possible to determine if `C` is the richest. Therefore, option 1 is not necessarily true.

Option 2: `A` is the poorest.

According to the given information, `A` made a profit of 10% in the first year but incurred a loss of 20% in the second year. This means that `A` has lost more money in the second year compared to the profit made in the first year. Therefore, it is possible for `A` to be the poorest at the end of the second year. Therefore, option 2 is true.

Option 3: `B` is the richest.

Based on the given information, `B` incurred a loss of 10% in the first year but made a profit of 20% in the second year. This means that `B` has recovered from the loss incurred in the first year and made a profit in the second