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Question 66
A and B invest in a business in the ratio 2 : 5. If 50% of the total profit goes to charity and A's share is Rs 3.6 lakhs, the total profit is Rs __________ lakhs.
Solution
Let the total profit be PÂ
Now Part going to charity = 0.5PÂ
Now part remaining = 0.5P
Now the profit is always divided in the ratio of investment
so 0.5P will be divided between A and B in the ratio 2:5
so A's share = $$\frac{2}{7}\times\ 0.5P$$
=P/7
Now P/7 = 3.6
we get P = 25.2 lakhs
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