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A and B invested money in a business in the ratio of 7 : 5. If 15% of the total profit goes for charity, and A's share in the profit is Rs.5,950, then what is the total profit?
Rs.12,500
Rs.12,000
Rs.10,500
Rs.11,750
- A and B invested in the business with a 7:5 ratio.
- 15% of the profit goes to charity.
- A's profit share is Rs. 5,950.
- Calculate total profit without charity: Let total profit be Rs. X.
- After charity: profit = 85% of total profit = \(0.85 \times X\).
- A's share in profit is proportional to his investment ratio.
- A's investment ratio = 7 out of \((7+5) = 12\).
- Calculate A's share: \((7/12) \times 0.85 \times X = 5950\).
- Solving for X, \( X = (5950 \times 12) / (7 \times 0.85) = 12000\).
- Option 2: Rs. 12,000 is correct.
By: Parvesh Mehta ProfileResourcesReport error
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