A technician sacrifices the job having salary of Rs. 360,000 annually to initiate his own business. He decided to invest Rs. 480,000 deposited in the bank that yields 5% interest per year.…

A technician sacrifices the job having salary of Rs. 360,000 annually to initiate his own business. He decided to invest Rs. 480,000 deposited in the bank that yields 5% interest per year. Similarly, he thinks to use his own house rented in Rs. 1500 per month. The revenue in the first year seems to be Rs. 130,000 monthly and estimated expenses are as follows. Advertisement: Rs 9,000/month Employee Salary: Rs 50,000/month Supply of materials: Rs 15,000/month Utilities: Rs 2,000/month Find: a) Business profit b) Economic Profit c) Suggest whether starting new business is beneficial for him or not. Give reasons.