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.
- AOption (a)
Rs.8050
- BOption (b)
Rs.8055
- COption (c)
Rs.8045
- DOption (d)
Rs.7050
- EOption (e)
Rs.9050
View answer & explanationHide answer & explanation
Correct answer
Rs.8050
Why this answer is correct
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.