Target Exam

CUET

Subject

General Aptitude Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

Ankit and Raju decided to start a business and they invested ₹5500 and ₹6500 respectively. After 11 months, the difference between their profits is ₹680. Find the total profit.

Options:

₹8160

₹7260

₹7000

₹6500

Correct Answer:

₹8160

Explanation:

Assume Ankit's profit be "x" and Raju's Profit be "y"

Profit on 5500 = x

Profit on 6500 = y = 6500(x/5500) = 13x / 11

Given, y-x = 680

(13x/11) - x = 680

2x/11 = 680

x = 11×340

y = 11×340×(13/11)

Total profit = x+y = (13+11)×340

The correct answer is Option (1) → ₹8160