New Click here to Enroll for SIDBI MSME Expert Classes by Experts

    Register

    Question

    ‘A’ and ‘B’ started a business by investing

    certain sum in the ratio 7:5, respectively for 6 years. If 16% of the total profit is donated in an orphanage and A’s share is Rs. 1764, then find the total profit generated from the business.
    A Rs. 3600 Correct Answer Incorrect Answer
    B Rs. 3650 Correct Answer Incorrect Answer
    C Rs. 3000 Correct Answer Incorrect Answer
    D Rs. 3900 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Since, ‘A’ and ‘B’ invested their sums for equal period, therefore, ratio of the profit received by ‘A’ and ‘B’ will be equal to the ratio of sum invested by them i.e. 7:5, respectively Let the total profit received by them be Rs. 100x Therefore, profit distributed between ‘A’ and ‘B’ = 0.84 × 100x = Rs. 84x Profit received by ‘A’ = 84x × (7/12) = Rs. 49x According to the question, 49x = 1764 => x = 36 Therefore, total profit received by ‘A’ and ‘B’ = 100x = Rs. 3600

    Practice Next