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Discussion :: Partnership

  1. The contributions made by Ravi and Suresh are in the ratio of 3:2. If 5% of total profit is donated and Ravi gets 8550 as his share of profit, what is the total profit?

    2. A.
    14000
    B.
    14500
    C.
    15000
    D.
    15500

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    Answer : Option C

    Explanation :

    Let the total profit = x
    The ratio of contribution by Ravi and Suresh = 3:2
    Sum of ratios = 5

    Apply formula:

    Ravi's share = (Ravi's ratio/ sum of all ratios)* total profit
    Ravi's share = (3/5) * x = 8550
    x= (8550*5)/3
    Total profit: x= 14250

    ATQ, the Ravi gets 8550 after 5 % donated
    Now, 95% = 14250
    1% = 14250/ 95
    And, 100% = (14250/95) * 100 = 15000

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