1. The population of a industrial town was $1,20,000$ two years ago. If it increased by $10\%$ in the first year and decreased by $5\%$ in the second year due to migration, what is the current population of the town?
A) $1,24,200$
B) $1,25,400$
C) $1,26,000$
D) $1,22,800$
Correct Answer: B
<strong>Solution:</strong><br>
Initial population = $1,20,000$<br>
Population after 1st year: $1,20,000 \times (1 + \frac{10}{100}) = 1,20,000 \times 1.1 = 1,32,000$<br>
Population after 2nd year: $1,32,000 \times (1 - \frac{5}{100}) = 1,32,000 \times 0.95 = 1,25,400$<br><br>
Final Answer: <strong>$1,25,400$</strong>


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