ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!
  • google app store apple app store
    • тЬЦ

      Question

      Two partners A and B invested Rs 70,000 and Rs 50,000

      respectively in a business. Both the partners distribute 75% of the profit equally and distribute the rest 25% in proportion to their investments. If one partner received Rs 4,000 more than the other, find the total profit.
      A Rs.94,000 Correct Answer Incorrect Answer
      B Rs.96,000 Correct Answer Incorrect Answer
      C Rs.98,000 Correct Answer Incorrect Answer
      D Data Inadequate Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Ratio of their investments (AтАЩs : BтАЩs)= = 70,000 : 50,000 ┬а= 7 : 5 Let ┬аshares of A and B be 7x and 5x in 25% of the profit. тИ┤ 7 x - 5 x = 4,000 ┬а тЗТ 2x = 4,000 тИ┤ x =2,000 тИ┤ 25% of the total profit = 12 x = 12 ├Ч 2,000 = 24,000 тИ┤Total profit = (24000 ├Ч100)/25 ┬а= Rs. 96,000

      Practice Next
      More Partnership Questions

      Relevant for Exams:

      ask-question