Pankaj and Sushil invested some amount of money in the ratio of 3 : 5 for the same period in the business.They decided that at the end of the year 20% profit was to be given to AIDS Control Society of india as a donation. Out of the remaining, 75% was to be reinvested and the rest of the profit was to be divided as interest on their capitals.If the difference in there share is Rs. 1200. Find the total profit?
Correct Answer: 24000
Explanation:
Let the total profit = 100
Amount left after donation = 50
Amount left after reinvestment = 20 Now, 5y/8 - 3y/8 = 1200
where y is the amount left after reinvestment
⇒ 2x/8 = 1200
⇒ x = 4800 ∴ total profit = 4800 x 5 = 24000
