Question

If Karthik lent Rs. 60000 for 12.5% interest, how much more money is lent for 7.5% to gain the overall profit of 9%?

• A. Rs. 1,20,000
• B. Rs. 1,40,000
• C. Rs. 1,60,000
• D. Rs. 1,80,000

Answer 1

The correct option is B Rs. 1,40,000

This question can be solved using allegations and mixtures.
The ratio in which the money lent for 12.5% to 7.5% = 1.5:3.5 = 3:7
As the money lent at 12.5% is Rs. 60,000, the money lent at 7.5% is Rs.1,40,000.
Hence, option (B) is the correct answer.