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A person makes a profit of 60000 in his business. 40% of the profit he reinvests in his business for its diversification. Of the remaining profit he distributes 30% as bonus to his employees, 20% he denotes in charity and rest on advertisement. Find the amount spent on advertisement.
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- ₹ 18000
- ₹ 12000
- ₹ 16000
- ₹ 20000
Correct Option: A
Total profit = ₹ 60000
Amount reinvested in business
= 40% of ₹ 60000 = ₹ 24000
Remaining amount of the profit
= 60% of ₹ 60000 = ₹ 36000
Bonus to employees
= 30% of ₹ 36000 = ₹ 10800
Donation for charity
= 20% of ₹ 36000 = ₹ 7200
Amount spent on advertisement
= ₹ (36000 – 10800 – 7200) = ₹ 18000
