Question

K, L and M invest sum in the ratio 15 : 20 : 27 respectively. If they earned total profit of Rs. 10230 at the end of year, then what is the difference between share of K and L?

• A. Rs. 1155
• B. Rs. 1275
• C. Rs. 1980
• D. Rs. 825

Answer 1

Answer:

D. Rs. 825

Solution: GIVEN: K, L and M invest sum in the ratio = 15: 20: 27 Total profit earned = Rs. 10230 FORMULA USED: Profit = Sum invested × Time period CALCULATION: As they all invested for same time period Share of K = (15/62) × 10230 = Rs. 2475 Share of L = (20/62) × 10230 = Rs. 3300 ∴ Difference between share of K and L = 3300 – 2475 = Rs. 825