Exams › IBPS PO › Quantitative Aptitude
A and B invest in a business in the ratio 3:2. If 5% of the total profit goes to charity and A's share is Rs. 855, the total profit is:
- Rs. 1425
- Rs. 1500
- Rs. 1537.50
- Rs. 1576
Correct answer: Rs. 1500
Solution
If total profit is P, then 5% goes to charity, leaving 95% of P. A's share is \(\frac{3}{5}\times 95\%\,P = 855\). Solving gives P = 1500.
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