Multiple choice

A, B and C started a business by investing Rs. 20,000, Rs. 28,000 and Rs. 36,000 respectively. After 6 months, A and B withdrew an amount of Rs. 8,000 each and C invested an additional amount of Rs. 8,000. All of them invested for equal period of time. If at the end of the year, C got Rs. 12,550 as his share of profit, what was the total profit earned ?

  1. 25000

  2. 25100

  3. 25200

  4. 25300

  5. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A invests 20000×6 + 12000×6 = 192000, B invests 28000×6 + 20000×6 = 288000, C invests 36000×6 + 44000×6 = 480000. Profit ratio 192000:288000:480000 = 4:6:10 = 2:3:5. C's share = 5/(2+3+5) = 5/10 of total profit. If 5/10 × P = 12550, then P = 25100.

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