Multiple choice

A and B enter into a partnership by making investments in the ratio 1 : 2, 5% of the total profit goes to charity. If B's share is Rs. 760, then total profit is

  1. Rs. 1,200

  2. Rs. 1,800

  3. Rs. 2,400

  4. Rs. 1,560
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Let total profit be P. After 5% charity, remaining profit is 0.95P. B's share is 2/3 of 0.95P = 760. 0.95P = 1140. P = 1140 / 0.95 = 1200.

Keep practicing — related questions