A and B invest 3:2 in a firm. If 5% of the entire profit is donated to charity and A's share is Rs. 855, the total profit is:
A. Rs. 1425
B. Rs. 1500
C. Rs. 1537.50
D. Rs. 1576
Answer:B
A and B invest 3:2 in a firm. If 5% of the entire profit is donated to charity and A's share is Rs. 855, the total profit is:
A. Rs. 1425 B. Rs. 1500 C. Rs. 1537.50 D. Rs. 1576
Explanation: Let's say your entire profit is Rs. 100.A's share after contributing to charity = Rs. 95 x 3 /5 = Rs. 57.Total profit Equals Rs. 100 if A's share is Rs. 57.If A's stake is worth Rs. 855, the total profit is equal to 100 x 855 /57 = 1500.