The GATE Grind

GATE 2019 CY – Question 7

General Aptitude · Quantitative Aptitude: Algebra, Geometry and Mensuration · 2 marks · Multiple choice

₹100000 is split between schemes yielding 10% and 12%. Interchanging the two rates would reduce total profit by ₹120. Find the ratio of investments in the 10% and 12% schemes.

  1. 9:16
  2. 11:14
  3. 37:63
  4. 47:53

Practise this question in The GATE Grind →

Show answer and explanation

Correct answer: (D) 47:53

Explanation

Let investments be x and y. Original profit minus swapped profit is $0.10x+0.12y-(0.12x+0.10y)=0.02(y-x)=120$, so y−x=6000. With x+y=100000, x=47000 and y=53000. Ratio 47:53, D.

More Quantitative Aptitude: Algebra, Geometry and Mensuration questions

All Quantitative Aptitude: Algebra, Geometry and Mensuration questions →