Question

amjad recieved a profit of 5.75% on his investment if his profit at the end of the year was Rs.8625 what was his investment?

Answer 1

Let profit be P

profit percentage be P%

and total amount invested be A

we have P%= $\frac{P}{A}$ x 100

profit percentage = 5.75%

investment amount = A

(5.75/100) x A= 8625

therefore A =(8625 x 100)/5.75 = 150000