Two partners invest Rs 12500 and Rs 8500 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. If one partner gets Rs 240 more than the other, find the total profit made in the business.
None of these
Incorrect AnswerExplanation:
Clearly, If 60 % is equally divided then remaining 40% of total profit will be divided between 2 persons A and B in
ratio of (profit of A) : (profit of B)
= 12,500 : 8500 = 125 : 85 = 25:17
now difference in amount = 25-17 = 8
this difference = 240
therefore 40% of total profit = 240X (25+17)/(25-17) = 1260
∴ 100% profit = 1260 / 40 × 100 = 3150
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By: Munesh Kumari