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 8:5, respectively for 3 years. If 9% of the total profit is donated in an orphanage and Arsquo;s share is Rs. 1232, then find the total profit generated from the business.
    A Rs. 2100 Correct Answer Incorrect Answer
    B Rs. 2200 Correct Answer Incorrect Answer
    C Rs. 2300 Correct Answer Incorrect Answer
    D Rs. 2500 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. 8:5, respectively Let the total profit received by them be Rs. 100x Therefore, profit distributed between lsquo;Arsquo; and lsquo;Brsquo; = 0.91 times; 100x = Rs. 81x Profit received by lsquo;Arsquo; = 91x times; (8/14) = Rs. 56x According to the question, 56x = 1232 Or, x = 22 Therefore, total profit received by lsquo;Arsquo; and lsquo;Brsquo; = 100x = Rs. 2200

    Practice Next