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.
Answer & explanation
Correct answer: option 1
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