The investment made by x and y are in the ratio 3:2. If 5% of the total profit is donated and x gets Rs 8550 as his share of profit then what is the amount of total profit:
a) Rs 14000
b) 15000
c) Rs 11050
d) None of these
Sol:
A : B = 3 : 2
5% of profit is donated
Share of A = 8550
Calculation:
Let x be the total profit
⇒ 5% of total profit is donated means 0.5x is donated
∴ Remaining profit = 0.95x A’ share 0.95x (3/5) = 8550 x = (8550 × 5)/(3 × 0.95) = 15000
∴ The amount of Total profit = 15000
