New One Goal, Three Exams: Strategies for Mastering RBI, SEBI, and IFSCA Exams
Register

Question

‘A’ and ‘B’ started a business by investing certain sum in the ratio 8:7, respectively for 8 years. If 16% of the total profit is donated in an orphanage and A’s share is Rs. 17640, then find the total profit generated from the business.

A Rs. 37375 Correct Answer Incorrect Answer
B Rs. 39775 Correct Answer Incorrect Answer
C Rs. 39375 Correct Answer Incorrect Answer
D Rs. 39975 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. 8:7, 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 × (8/15) = Rs. 44.8x According to the question, 44.8x = 17640 => x = 393.75 Therefore, total profit received by ‘A’ and ‘B’ = 100x = Rs. 39375

Practice Next

Relevant for Exams:

×
×