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Businessman A and B invest in a business in the ratio 5 is to 8. They decided to reinvest 30% of the profit they earned back into the business. The remaining profit they distributed among themselves. If A's share of profit was 87,500,
then how much profit in
rupees did the business make?
Option are:-
227000
250000
375000
325000?
Most Upvoted Answer
Businessman A and B invest in a business in the ratio 5 is to 8. They ...
Investment Ratio
Businessman A and B invest in the business in the ratio of 5:8. This means:
- A's investment = 5x
- B's investment = 8x
- Total investment = 5x + 8x = 13x
Profit Distribution
They decided to reinvest 30% of the profit. Therefore, 70% of the profit is distributed among them. Let the total profit be P.
- Profit distributed = 70% of P = 0.7P
A's Share of Profit
A's share of the distributed profit is calculated based on their investment ratio:
- A's share = (5/13) * (0.7P) = (5 * 0.7P) / 13
Given that A's share of profit is 87,500, we can set up the equation:
- (5 * 0.7P) / 13 = 87,500
Calculation of Total Profit
Now, we solve for P:
1. Multiply both sides by 13:
- 5 * 0.7P = 87,500 * 13
- 5 * 0.7P = 1,137,500
2. Divide both sides by 5:
- 0.7P = 1,137,500 / 5
- 0.7P = 227,500
3. Finally, divide by 0.7 to find P:
- P = 227,500 / 0.7
- P = 325,000
Final Answer
The total profit the business made is 325,000 rupees.
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Directions (96-100): You have a passage with five questions following. Read the passage carefully and choose the best answer to each question.Passage IIt is strange that, according to his position in line, an extravagant man is admired or despised. A successful businessman does nothing to increase his popularity by being careful with his money. He is expected to display his success, to have a smart car, an expensive life, and to be lavish with his hospitality. If he is not so, he is considered mean and his reputation in business may even suffer in consequence. The paradox remains that if he had not been careful with his money in the first place, he would never have achieved his present wealth. Among the low income group, a different set of values exists. The young clerk who makes his wife a present of a new dress when he hadnt paid his house rent, is condemned as extravagant. Carefulness with money to the point of meanness is applauded as a virtue. Nothing in his life is considered more worthy than paying his bills. The ideal wife for such a man separates her housekeeping money into joyless little pilesso much for rent, for food, for the childrens shoes; she is able to face the milkman with equanimity and never knows the guilt of buying something she cant really afford. As for myself, I fall into neither of these categories. If have money to spare, I can be extravagant, but when, as is usually the case, I am hard up, then I am the meanest man imaginable.Q.In the opinion of the writer, a successful businessman

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Businessman A and B invest in a business in the ratio 5 is to 8. They decided to reinvest 30% of the profit they earned back into the business. The remaining profit they distributed among themselves. If A's share of profit was 87,500, then how much profit in rupees did the business make?Option are:-227000250000375000325000?
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Businessman A and B invest in a business in the ratio 5 is to 8. They decided to reinvest 30% of the profit they earned back into the business. The remaining profit they distributed among themselves. If A's share of profit was 87,500, then how much profit in rupees did the business make?Option are:-227000250000375000325000? for SSC CGL 2024 is part of SSC CGL preparation. The Question and answers have been prepared according to the SSC CGL exam syllabus. Information about Businessman A and B invest in a business in the ratio 5 is to 8. They decided to reinvest 30% of the profit they earned back into the business. The remaining profit they distributed among themselves. If A's share of profit was 87,500, then how much profit in rupees did the business make?Option are:-227000250000375000325000? covers all topics & solutions for SSC CGL 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Businessman A and B invest in a business in the ratio 5 is to 8. They decided to reinvest 30% of the profit they earned back into the business. The remaining profit they distributed among themselves. If A's share of profit was 87,500, then how much profit in rupees did the business make?Option are:-227000250000375000325000?.
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