Ajay and Vijay’s investment is in ratio 5 : 2. Ajay gets Rs.3420 as profit after donating 9% of total profit to orphanage.What is Vijay’s share?Rs.4788Rs.3420Rs.5320Rs.1900
Question
Ajay and Vijay’s investment is in ratio 5 : 2. Ajay gets Rs.3420 as profit after donating 9% of total profit to orphanage.What is Vijay’s share?Rs.4788Rs.3420Rs.5320Rs.1900
Solution
Step 1: First, we need to understand that Ajay's profit of Rs.3420 is after he donated 9% of the total profit to an orphanage. This means that Rs.3420 is 91% of Ajay's actual profit (100% - 9% = 91%).
Step 2: To find out Ajay's actual profit before the donation, we need to calculate 100% of his profit. We can set up the equation as follows:
91% = Rs.3420 100% = ?
To find the value of 100%, we can cross-multiply and divide:
(100 * 3420) / 91 = Rs.3760 approximately. This is Ajay's actual profit.
Step 3: Now, we know that Ajay and Vijay's investments are in the ratio 5:2. This means that the profit they receive will also be in the same ratio.
So, if Ajay's profit is Rs.3760 (which corresponds to the '5' part of the ratio), then Vijay's profit (which corresponds to the '2' part of the ratio) can be calculated as follows:
(2 * 3760) / 5 = Rs.1504 approximately.
So, Vijay's share of the profit is Rs.1504.
Therefore, the correct answer is none of the options given in the question.
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