πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!

    Question

    β€˜A’ and β€˜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, β€˜A’ and β€˜B’ invested their sums for equal period, therefore, ratio of the profit received by β€˜A’ and β€˜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 β€˜A’ and β€˜B’ = 0.84 Γ— 100x = Rs. 84x Profit received by β€˜A’ = 84x Γ— (7/12) = Rs. 49x According to the question, 49x = 1764 => x = 36 Therefore, total profit received by β€˜A’ and β€˜B’ = 100x = Rs. 3600

    Practice Next
    More Partnership Questions
    ask-question