Discussion :: Partnership
- Two partners invest Rs.125000 and Rs. 85000 respectively in a business and agree that 60% of the profit should be divided equally between them and the remaining profit is to be treated as interest on capital. One partner gets 300 more than the other. Find the total profit made in the business.
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Answer : Option D
Explanation :
The investment ratio is: 125000: 85000
= 125:85
On dividing both sides by 5, we get 25:17
ATQ, 60% is divided equally, and the remaining 40% is shared on the investment ratio basis.
The difference between 40% of their profit is 300.
Let a number x
i.e., 25* x *(40/100) - 17*x *(40/100) = 300
(1000/100)* x - (680/100)*x =300
10x - (34/5)*x = 300
50x-34x = 1500
16x =1500
x= 93.75
Total profit means sum of ratios = 25x+17x = 42x
42*93.75 = 3937.50
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