New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    lsquo;Arsquo; and lsquo;Brsquo; started a business by

    investing certain sum in the ratio 6:5, respectively for 6 years. If 12% of the total profit is donated in an orphanage and Arsquo;s share is Rs. 1632, then find the total profit generated from the business.
    A Rs. 3400 Correct Answer Incorrect Answer
    B Rs. 3450 Correct Answer Incorrect Answer
    C Rs. 3700 Correct Answer Incorrect Answer
    D Rs. 3900 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Since, lsquo;Arsquo; and lsquo;Brsquo; invested their sums for equal period, therefore, ratio of the profit received by lsquo;Arsquo; and lsquo;Brsquo; will be equal to the ratio of sum invested by them i.e. 6:5, respectively Let the total profit received by them be Rs. 100x Therefore, profit distributed between lsquo;Arsquo; and lsquo;Brsquo; = 0.88 times; 100x = Rs. 88x Profit received by lsquo;Arsquo; = 88x times; (6/11) = Rs. 48x According to the question, 48x = 1632 Or, x = 34 Therefore, total profit received by lsquo;Arsquo; and lsquo;Brsquo; = 100x = Rs. 3400

    Practice Next