Question : 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 Rs. 8,550, then the total profit is:
Option 1: Rs. 15,760
Option 2: Rs. 15,735
Option 3: Rs.14,250
Option 4: Rs. 15,000
New: SSC CHSL Tier 2 answer key released | SSC CHSL 2024 Notification PDF
Recommended: How to crack SSC CHSL | SSC CHSL exam guide
Don't Miss: Month-wise Current Affairs | Upcoming government exams
Correct Answer: Rs. 15,000
Solution :
Let the total profit be $P$. Given that A and B invest in the ratio 3 : 2, A's share of the profit would be $\frac{3}{5}$th of the total profit after deducting the charity amount.
$\frac{3}{5} \times (P - 0.05P) = 8550$
$⇒\frac{3}{5} \times 0.95P = 8550$
$⇒P = \frac{8550 \times 5}{3 \times 0.95}=15000$
Hence, the correct answer is Rs.15,000.
Related Questions
Know More about
Staff Selection Commission Combined High ...
Result | Eligibility | Application | Admit Card | Answer Key | Preparation Tips | Cutoff
Get Updates Brochure
Your Staff Selection Commission Combined Higher Secondary Level Exam brochure has been successfully mailed to your registered email id “”.
