Question
Quantitative Ability and Data Interpretation Question on Profit and Loss
Profit earned by an organization is distributed among officers and clerks where the individual amount received by them is in the ratio of 5 : 3. 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 ?
A
Rs.22 lakh
B
Rs.18.25 lakh
C
Rs.18 lakh
D
Rs.23.25 lakh
Answer
Rs.23.25 lakh
Explanation
Solution
The correct option is (D) : Rs.23.25 lakh.