A man got 12% profit in his investment in tow out of 3 of his companies. If there was a loss of 6% i

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02 Nov 2011 Find the investment?

A man got 12% profit in his investment in tow out of 3 of his companies. If there was a loss of 6% in the third business, in which his investment was 10 lacs then for an overall profit of 8% what will be his total investment in the first 2 companies.

OPtion

1) 100000
2) 340000
3) 3500000
4) 3000000
5) 6000000
6) 3600000
7) 2500000
8) 2200000
9) 4500000
10) none of these

Solution

let his investment in first 2 companies is : X
X*0.12 - 60000 = (1000000+x)*0.08
by solve this we got
x= 3500000

Correct Option: 3 Best Solution (0)