Business Studies, asked by janhavi7088, 1 year ago

Alice and bob invest in a bussiness i the ratio 3:2 . If 5% of the total profit goes to charity and alice's share is rs 855 what is the total profit

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Answered by amitvikram1
7

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Answered by Anonymous
1

Given:

The ratio of Alice and Bob's investment=3:2

Profit went to charity=5%

Alice's share=Rs.855

To find:

The total profit in business

Solution:

The total profit in business is Rs. 1,500.

We can find the profit by following the given process-

We know that the profit shared between Alice and Bob is the remaining percentage of profit after charity.

Let the total amount of profit be P.

Now, 5% of the total profit went to charity.

The profit went to charity=5% of P

The remaining profit distributed between Alice and Bob=Total profit- Profit went to charity

Putting the values,

The remaining profit distributed between Alice and Bob=P-5% of P

=P-5P/100=(100P-5P)/100

=95P/100

Since the ratio of distributing profit between Alice and Bob is 3:2, Alice's share in total profit is 3/5 of the remaining profit.

So, Alice's share=3/5×95P/100

=3×19P/100

=57P/100

We know that lice's share=Rs.855

On equating, we get

57P/100=855

57P=85,500

P=85,500/57

P=Rs. 1,500

Therefore, the total profit in business is Rs. 1,500.

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