Question

'M' and 'N' started a business by investing Rs. 16,000 and Rs. 20,000 respectively. 30% of total profit is given to 'M' for managing the business, and rest of the profit is distributed between them in the ratio of investment. If at the end of a year, total profit received by 'M' is Rs. 8,250, then find the total profit.

A Rs. 10,000
B Rs. 12,000
C Rs. 15,000
D Rs. 13,500
E Rs. 14,000
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