A and B together start a business by investing in the ratio

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A and B together start a business by investing in the ratio of 4 : 3. If 9% of the total profit goes to charity and A's share is ₹ 1196, find the total profit.

1. ₹ 2300
2. ₹ 4435
3. ₹ 2093
4. ₹ 2700
5. None of the above

Correct Option: A

Let total profit = N
Paid to charity = 9% of N = 9N/100
∴ Balance profit = N - (9N/100) = 91N/100
∴ A's share = [4/(4 + 3)] x (91N/100) = (4/7) x (91N/100)

According to the question,
(4/7) x (91N/100) = 1196
∴ N = (1196 x 7 x 100)/(4 x 91) = ₹ 2300
Hence, total profit = ₹ 2300