Question

A and B invested the amount for a year in the ratio of 3 : 5. If next year A invested 10% more money and B took back 12% of his investment. A gets Rs.3450 out of the total profit from next year. Find total profit.

1. Rs.8050
2. Rs.8055
3. Rs.8045
4. Rs.7050
5. Rs.9050

Answer 1

Correct Answer - Option 1 : Rs.8050

Given:

Investment amount ratio of A and B = 3 : 5

Profit of A is Rs.3450

Calculation:

Current Ratio = 3 : 5

Ratio of Next year = 3 × 110% : 5 × 88% = 3 : 4

A's Profit = Rs. 3450

Total Profit = 3450 × (7/3) = Rs.8050

∴ The total profit is Rs. 8050.