Question

    'X' and 'Y' started a business by investing Rs. 12,000

    and Rs. 8,000, respectively. 'X' also works as manager in the business for which he's entitled to receive a commission of 15% out of total profit. If at the end of the year, the business earned a total profit of Rs. 20,000, then find the total amount received by 'X'.
    A Rs. 10,200 Correct Answer Incorrect Answer
    B Rs. 12,400 Correct Answer Incorrect Answer
    C Rs. 13,200 Correct Answer Incorrect Answer
    D Rs. 11,500 Correct Answer Incorrect Answer
    E Rs. 12,000 Correct Answer Incorrect Answer

    Solution

    Ratio of profit shares of 'X' and 'Y' at the end of the year = {12000 X 12}:{8000 X 12} = 3:2 Total amount received by 'X' = commission earned by 'X' + Profit share of 'X' So, commission earned by 'X' = 20000 X 0.15 = Rs. 3,000 So, net profit to be distributed between 'X' and 'Y' = 20000 - 3000 = Rs. 17,000 So, profit share of 'X' = 17000 X (3/5) = Rs. 10,200 So, total amount received by 'X' = 10200 + 3000 = Rs. 13,200

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