Profit earned by an organisation is distributed among officers and clerks in the ratio of 5 : 3. If the number of officers is 55 and the number of clerks is 70 and the amount received by each officer is Rs12,000, what was the total amount of profit earned?
Answer: C
The total amount distributed among 55 officers \(= Rs. 55 \times 1200 = Rs. 6,60,000.\)
Their ratio \(5:3\)
Total profit \(= 6,60,000 + 396000 = Rs 10,56,000.\)