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SAI PRASHANTH

· started a discussion

· 1 Months ago

HELPFUL (Question: 107255.0 )

THANKS FOR YOUR HELPFUL EXPLANATION

Question:
Two partners invest Rs.1,25,000 and Rs.85000 respectively in a business and agree that 60% of the profit should be divided equally between them and the remaining profit is to be treated as interest on capital. If one partner gets Rs.300 more than the other, find the total profit made in the business.
Options:
A) Rs.3739.50
B) Rs.3937.50
C) Rs.3749.50
D) Rs.3947.50
E) None of these
Solution:

The ratio of profit = 125,000 : 85,000

= 25: 17

∴ 60% is divided equally. So the difference between 40% of their profit is 300/-

i.e. \(\frac{40}{100}\)  × 25x -  \(\frac{40}{100}\) × 17x = 300

10x - 6.8x = 300

3.2 x = 300

x = 93.75

Total profit = 25x + 17x = 42x

= 42 × 93.75

= Rs.3937.50

Knowledge Expert

· commented

· 1 Months ago

Dear Student,
Its my pleasure.
Keep learning with us.
We wish you All the Best.
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