Question Details

A person divided an amount of Rs. 100,000 into two parts and invested in two different schemes. In one he got 10% profit and in the other he got 12%. If the profit percentages are interchanged with these investments he would have got Rs.120 less. Find the ratio between his investments in the two schemes.

Options

A

9:16

B

1:14

C

37:63

D

47:53

Show Answer

Correct Answer :

Option D

47:53

47:53

Solution :

The correct option is 47:53.

Let the amount invested in the first scheme (yielding 10% profit) be Rs. x and the amount invested in the second scheme (yielding 12% profit) be Rs. y.
Since the total amount is Rs. 100,000, we get our first equation:
x+y=100,000 (Equation 1)

In the first case, the total profit obtained from the two investments is:
Profit1=10% of x+12% of y=0.10x+0.12y

If the profit percentages are interchanged, the profit from the first scheme becomes 12% and the profit from the second scheme becomes 10%.
The new total profit is:
Profit2=12% of x+10% of y=0.12x+0.10y

According to the problem, interchanging the profit percentages results in Rs. 120 less profit:
Profit1-Profit2=120

Substituting the profit equations, we get:
(0.10x+0.12y)-(0.12x+0.10y)=120
Simplifying the terms:
-0.02x+0.02y=120
0.02(y-x)=120
y-x=1200.02
y-x=6,000 (Equation 2)

Now, let's solve Equation 1 and Equation 2 simultaneously. Adding both equations gives:
(x+y)+(y-x)=100,000+6,000
2y=106,000
y=53,000

Substituting y=53,000 into Equation 1:
x+53,000=100,000
x=47,000

Thus, the ratio of the investments in the two schemes is:
x:y=47,000:53,000=47:53

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