Praveen and naveen started a business with investments of rs 20000 and rs 24000. At the end of the 1 year, the total profit they shared was rs 1000 more than the difference in their profit shares. Find the total profit.
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Let P1 be the profit share of Praveen.
Let P2 be the profit share of Naveen.
Let TP be the total profit, TP = P1 + P2.
If TP is 1000 more than the difference of the shares, then
P1 + P2 = 1000 + P2 - P1
P1 = Rs.500
For Rs.20000 investment by Praveen, profit share is Rs.500,
therefore, for Rs.24000 investment by Naveen, profit share will be
P2 = 500/20000 * 24000
P2 = Rs. 600
Total profit = P1 + P2 = 500 + 600 = Rs.1100
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