Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Partnership

Question:

Two partners invest Rs.125000 and Rs.85000 resp. in a business and agreed that 60% of the profit should be divided equally between them and the remaining profit is to be treated as interest on capital. If one partner gets Rs.300 more than the other, then find the total profit.

Options:

Rs. 3647.5

Rs. 3937.5

Rs. 4947.5

Rs. 3900

Correct Answer:

Rs. 3937.5

Explanation:

Investment ratio will be the profit ratio if time of investment is same.

ATQ,

                          A        :         B

Investment : 125000  :      85000

Profit          :      25      :        17       =  42R (Total)

 

Let 42R = 40% of the total profit, which is to be distributed b/w them in the profit sharing ratio.

Therefore, total profit = \(\frac{42R}{40}\) × 100 = 105R

Now,

⇒ Difference = 25R - 17R = 8R

⇒ 8R = 300 (given)

⇒ 1R = 37.5

hence,

⇒ Total profit = 105R = 105 × 37.5 = 3937.5