Edwin started a business with Rs 25000 and after 4 months Thomas joined him with Rs 60000 Edwin rece...........

Mental Ability (N tehsildar) Partnership

Edwin started a business with Rs.25000 and after 4 months, Thomas joined him with Rs.60000. Edwin received Rs.58000 including 10% of profit as commission for managing the business. What amount did Thomas receive?

Rs 72,000

Rs 62,000

Rs 88,000

Rs 68,000

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Explanation:

Profit sharing ratio is 25000*12 : 60000*8=5:8
Total profit 100%
Edwin got 10% for Managing the business
so remaining 90% is shared by both.
Edwin got 10%profit + 5/13 * 90%profit
0.1p + 5/13 * (0.9p)=58,000
Then 5.8p/13=58000==>p=1,30,000.
Now Thomas profit is 1,30,000-58,000=72,000.

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