Answer:
£2000
Step-by-step explanation:
Let the money invested be x.
After 1 year, the money is now 110% of x = 1.1x
Original amount of money: x
Profit in 1 year: 0.1x
He spends 20% of the profit on a cricket bat.
0.2 * 0.1x = 0.02x spent on cricket bat
The reminder of the profit is 0.8 * 0.1x = 0.08x
He spends 1/8 * 0.08x on a cricket jumper.
Amount of profit he has:
0.1x - 0.02x - 0.125 * 0.08x
This equals £140
0.1x - 0.02x - 0.125 * 0.08x = 140
0.08x - 0.01x = 140
0.07x = 140
x = 140/0.07
x = 2000
Answer: £2000
