Question
Download Solution PDFA and B invested their money in a business in the ratio of 9 ∶ 5. If 10% of the total profit goes for charity and A’s share is Rs. 29,840, what is the total profit (in Rs., to the nearest integer)?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
A and B investment ratio = 9 : 5
A's share = 29840
Calculations:
A's share = 9/14 of total profit
⇒ 29840 = 9/14 × 90% of Total profit
⇒0.90 × Total profit = 14 × 29840 /9
⇒ Total profit = 46,417.78/0.90 = 51,575.30 ~ 51,575
Hence, The Required value is Rs.51,575.
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