Question

A man started off a business with a certain capital amount. In the first year, he earned 60% profit and donated 50% of the total capital (initial amount + profit). He followed the same procedure with the remaining capital after the second and the third year. If at the end of the three years, he is left with `15,360, what was the initial amount (in`) with which the man started his business?

• A. 20,000
• B. 30,000
• C. 25,000
• D. 32,000

Answer 1

Answer: (B)