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Question 18
Profit earned by an organization is distributed among officers and clerks where the individual amount received by them is in the ratio of 5 : 3. If the number of officers is 45 and the number of clerks is 80 and the amount received by each officer is Rs.25,000, what was the total amount of profit earned?
Solution
Profit received by each officer= Rs.25000
Therefore, Profit received by each clerk= $$\ \frac{\ 3}{5}$$×25000 = Rs.15000
Therefore, Total earned profit
= Rs. (45×25000+80×15000)
= Rs.(1125000+1200000)
= Rs.23.25 lakh
D is the correct answer.
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