Profit earned by an organization is distributed among officers and clerks in the ratio of 5 : 3 respectively. If the number of officers is 45 and the number of clerks is 80 and the amount received by each officer is Rs.25,000, what was the total amount of profit earned?
Profit earned by an organization is distributed among officers and clerks in the ratio of 5 : 3 respectively. If the number of officers is 45 and the number of clerks is 80 and the amount received by each officer is Rs.25,000, what was the total amount of profit earned?
ARs.22 lakhs
BRs.18.25 lakhs
CRs.18 lakhs
DRs.23.25 lakhs
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Correct answer is: Rs.23.25 lakhs
Explanation:
Profit received by each officer
= Rs.25000Therefore, Profit received by each clerk
\(\Large \frac{3}{5} \times 25000 \text{ = Rs.15000}\)
Therefore, Total earned profit
\(\text{ = Rs. }\Large \left(45 \times 25000 + 80 \times 15000\right)\)
\(\text{ = Rs.} \Large \left(1125000 + 1200000\right)\)
\(\text{= Rs. 23.25 lakh}\)
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