New Click here to Enroll for SIDBI MSME Expert Class by ex-GM, SBI on Nov 24

    Register

    Question

    ‘A’ and ‘B’ started a business

    by investing certain sum in the ratio 2:3, respectively for 6 years. If 30% of the total profit is donated in an orphanage and A’s share is Rs. 7056, then find the total profit generated from the business.
    A Rs. 25200 Correct Answer Incorrect Answer
    B Rs. 20200 Correct Answer Incorrect Answer
    C Rs. 24200 Correct Answer Incorrect Answer
    D Rs. 27200 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Since, ‘A’ and ‘B’ invested their sums for equal period, therefore, ratio of the profit received by ‘A’ and ‘B’ will be equal to the ratio of sum invested by them i.e. 2:3, respectively Let the total profit received by them be Rs. 100x Therefore, profit distributed between ‘A’ and ‘B’ = 0.70 × 100x = Rs. 70x Profit received by ‘A’ = 70x × (2/5) = Rs. 28x According to the question, 28x = 7056 => x = 252 Therefore, total profit received by ‘A’ and ‘B’ = 100x = Rs. 25200

    Practice Next

    Relevant for Exams: