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    Question

    β€˜C’ and β€˜D’ started a business by investing Rs.

    30,000 and Rs. 25,000, respectively. β€˜D’ manages the business and for that he is entitled to receive a commission of 20% out of the total profit, while the rest of the profit is divided among them in the ratio of their investments. If at the end of the year, β€˜C’ received a profit of Rs. 15,000, then find the total amount received by β€˜D’ at the end of the year.
    A Rs.14,375 Correct Answer Incorrect Answer
    B Rs.10,375 Correct Answer Incorrect Answer
    C Rs.19,220 Correct Answer Incorrect Answer
    D Rs.19,375 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ, Ratio of profit shares of β€˜C’ and β€˜D’ = (30000 Γ— 12):(25000 Γ— 12) = 6:5 Total profit that was divided between β€˜C’ and β€˜D’ = 15000 Γ— (11/6) = Rs. 27,500 Total profit earned from the business = 27500 Γ· 0.8 = Rs. 34,375 Amount received by β€˜D’ at the end of the year = 34,375 – 15,000 = Rs. 19,375

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