Question 108
A and B invest in a business in the ratio 3 : 2 if 5% of the total profit goes to charity and A’s share in profit is ₹8,550, then total profit is
Solution
Let the investments of A and B be 3x and 2x and total profit 'T'
Then profit earned by A and B is,
$$\frac{3}{5}$$ (95% of T) = 8,550
T = 30 x 5 x 100 = 15,000
Hence, option D is the correct answer.
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