Multiple Choice Questions on Two partners invest Rs 120000 and Rs 84000 in a business and agree that 70 of the profit should be d........... for Mathematics - All Exams Preparation

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Indian Economy - Understanding the basics of Indian economic system

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    Two partners invest Rs 120000 and Rs 84000 in a business and agree that 70% of the profit should be divided equally between them and the remaining profit is to be treated as interest on capital. If one person gets Rs 900 more than the other then find the total profit made in the business.

    Rs 17,000

    Correct Answer

    Rs 20,000

    Incorrect Answer

    Rs 5,100

    Incorrect Answer

    Rs 18,000

    Incorrect Answer
    Explanation:

    120000*1 : 84000*1
    10: 7 (difference = 3)
    3 == 900
    1 == 300
    17 == 5100 ; this is 30%
    100%=5100*100/30 = 17,000

    Hence, option 1 is the correct answer.


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