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?
Answer & explanation
Correct answer: option 2
Let the total profit = ₹$\text{P}$.
- 5% of the profit is donated.
- So, the remaining 95% is distributed between Ravi and Suresh in the ratio 3 : 2.
Ravi's share is:
$\frac{3}{5} \times 95\% \text{ of } P = 8550$
$\frac{3}{5} \times \frac{95}{100} P = 8550$
$\frac{57}{100} P = 8550$
$P = \frac{8550 \times 100}{57} = 15000$