Profit earned by an organisation is distributed among officers and clerks in the ratio of 5 3 If the...........

Quantitative Aptitude ( CCS) Profit and loss

Profit earned by an organisation is distributed among officers and clerks in the ratio of 5 : 3. If the number of officers is 55 and the number of clerks is 70 and the amount received by each officer is Rs12,000, what was the total amount of profit earned?

Rs11 Lakh

Rs12.25Lakh

Rs10.56Lakh

Rs16Lakh

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Explanation:

The total amount distributed among 55 officers = Rs.55×12000 = Rs.6,60,000.
Their ratio 5:3
Then 5 660000
3 ? 396000
Total profit = 6,60,000 + 396000
=Rs10,56,000.