Question
The contributions made by A and B are in the ratio of
4:5. If 10% of total profit is donated and A gets 8200 as his share of profit, what is the total profit?Solution
Let the total profit = x
The ratio of contribution by A and B = 4:5
Sum of ratios = 9
Share of A = (4/9) × x = 8200
x= (8200 × 9)/4
Total profit: x= 18450
A gets 8200 after 10% donated
Now, 90% = 18450
1% = 18450/ 90
And, 100% = (18450/90) × 100 = 20500
More Partnership Questions
If the Reserve Bank of India wants to contract credit in the economy, it would most likely:
Provision for bad and doubtful debts is based on the principle of
A bank needs liquidity for which of the following?
                     I.       Meeting deposit withdrawals
...Who can be the participants in the Call Money Market
1. Scheduled Commercial Banks (excl Local Area Banks)
2. Small Finance Banks and Paym...