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    Question

    Ramesh and Suresh started a business by investing in the

    ratio 3 : 5, respectively. After 10 months, Ramesh withdrew 1/3rd of his investment, whereas Suresh increased his investment by 20%. If at the end of 20 months, the profit earned by Suresh was Rs. 24,000 more than that by Ramesh, then find the total profit earned by the business.
    A Rs. 56,000 Correct Answer Incorrect Answer
    B Rs. 64,000 Correct Answer Incorrect Answer
    C Rs. 60,000 Correct Answer Incorrect Answer
    D Rs. 48,000 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let investments be Rs. ‘3x’ and Rs. ‘5x’. Ratio of profit shares: = {(3x × 10) + (3x × 2/3 × 10)} : {(5x × 10) + (5x × 6/5 × 10)} = (30x + 20x) : (50x + 60x) = 50x : 110x = 5 : 11 Let total profit = 16y ATQ: 11y - 5y = 24000 Or, y = 4000 Total profit = 16 × 4000 = Rs. 64,000

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