Mary and Mike enter into a partnership by investing $600 and $400 respectively. At the end of one year, they divided their profits such that a third of the profit is divided equally for the efforts they have put into the business and the remaining amount of profit is divided in the ratio of the investments they made in the business. If Mary received $1000 more than Mike did, what was the profit made by their business in that year?	Choose the correct choice from the following choices
A) $8500
B) $9500
C) $7000
D) $7500
E) $6500
Explanatory Answer   Let the profit made during the year be $3x   Therefore, $x would have been shared equally and the remaining $2x would have been shared in the ratio 6 : 4.   i.e., 60% of 2x would go to Mary and 40% of 2x would go to Mike.   Hence, Mary would get (60 - 40)% of 2x more than Mike   Or20% of 2x = $1000   i.e.,(20/100)*2x = 1000   or 2x = 5000.   Hence, the profit made by the company during the year $3x = $7500.   Answer : $7500
<result>D</result>
Mary and Mike enter into a partnership by investing $600 and $400 respectively. At the end of one year, they divided their profits such that a third of the profit is divided equally for the efforts they have put into the business and the remaining amount of profit is divided in the ratio of the investments they made in the business. If Mary received $1000 more than Mike did, what was the profit made by their business in that year?