The investment made by P and Q are in the ratio 3 2, if 5% of the total profit is donated and P gets Rs. 8550 as his share of profit then what is the total amount of profit?a)Rs. 10500b)Rs. 10000c)Rs. 12500d)Rs. 15000Correct answer is option 'D'. Can you explain this answer?

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The investment made by P and Q are in the ratio 3 ∶ 2, if 5% of the total profit is donated and P gets Rs. 8550 as his share of profit then what is the total amount of profit?

a)
Rs. 10500
b)
Rs. 10000
c)
Rs. 12500
d)
Rs. 15000

Correct answer is option 'D'. Can you explain this answer?

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The investment made by P and Q are in the ratio 3 2, if 5% of the tot...

Let total profit be 100x
⇒ Donated amount = 5x
⇒ Remaining amount = 95x
Investment made by P and Q are in the ratio 3 ∶ 2
⇒ Profit share by P = 3/5 × 95x = 57x
⇒ Profit share by Q = 2/5 × 95x = 38x
⇒ 57x = 8550
⇒ x = 150
⇒ Investment made by Q = 38x = Rs. 5700
⇒ Profit, 95% = Rs. 14250
∴ Total profit = 100% = Rs. 15000

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The investment made by P and Q are in the ratio 3 2, if 5% of the total profit is donated and P gets Rs. 8550 as his share of profit then what is the total amount of profit?a)Rs. 10500b)Rs. 10000c)Rs. 12500d)Rs. 15000Correct answer is option 'D'. Can you explain this answer?

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