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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