Question
Rittu and Mittu started a cosmetic business with Rittu investing Rs. 30,000 and Mittu investing a certain amount of money. They hired a receptionist as a manager and agreed to pay him a 10% commission on the total profit. After one year, they offered the receptionist the opportunity to become a partner by contributing Rs. 40,000. Over two years, the business accumulated a total profit of Rs. ____. The difference between the total amount received by the receptionist (including profit and commission) and Mittu's share of the profit at the end of two years is Rs. ____. Now, you need to find the missing values in the blanks. Which set of values, from the following options, can be placed in the blanks in the same order as listed to make the statement true:
Rittu and Mittu started a cosmetic business with Rittu investing Rs. 30,000 and Mittu investing a certain amount of money. They hired a receptionist as a manager and agreed to pay him a 10% commission on the total profit. After one year, they offered the receptionist the opportunity to become a partner by contributing Rs. 40,000. Over two years, the business accumulated a total profit of Rs. ____. The difference between the total amount received by the receptionist (including profit and commission) and Mittu's share of the profit at the end of two years is Rs. ____. Now, you need to find the missing values in the blanks. Which set of values, from the following options, can be placed in the blanks in the same order as listed to make the statement true:
I. 40,000, 2,00,000, 20,000
II. 30,000, 3,00,000, 7,500
III. 60,000, 2,20,000, 50,000
More Profit and loss Questions
- A person bought an article and sold it at a loss of 20%. If he had bought it at 10% less price and sold it for 7400 more, he would have gained 30%. Find th...
- The cost price of two articles, X and Y, is Rs. 200 and Rs. 300, respectively. If article X is sold at a profit of 20% while article Y is sold at a loss of...
- A trader buys 120 kilograms of rice at a price of ₹45 per kilogram, incurring a total cost for the entire quantity. He decides to sell a certain portion of...
- The average cost price of two items, A and B, is Rs. 600 each. They are sold at profits of 15% and 20% respectively. If the combined selling price of both ...
- A shopkeeper purchased an article for Rs. ‘a’ and marked it 140% above its cost price and sold it after giving two successive discounts of 480 and 20%, res...
- The marked price of an article is Rs. 1600. A shopkeeper gives a discount of 15% and then an additional cash discount of 5% on the reduced price. Find the ...
- Cost price of an article is Rs. 20,250. It is marked 48% above its cost price and sold after allowing 20% discount. Find the profit (in Rs.) earned
- Rani bought a refrigerator for 15,500 and sold it to Sony at a loss of 12%. Sony spent 3,360 on its repairs and sold it to Roja at a price that would have ...
- Ratio of cost price and marked price of an article is 1:3. If profit obtained is Rs. 3500 then the profit percentage is 50%. If discount is 10%, find the s...
- A fruit seller bought some mangoes. By selling 50% of total mangoes he got a profit of equal to 50% of his overall cost and 80% of remaining mangoes he sel...
Relevant for Exams:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt