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8 of 24 completed
5 of 15 completed
38 of 100 completed
8 of 20 completed
Indian Economy - Understanding the basics of Indian economic system
A and B enter into a partnership with their respective capital of Rs 7500 and Rs 7800 for 2 years. B left the partnership ‘4 months’ before completion of 2 years and they together earn Rs 14000 profit at end of 2 years out of which 12.5% was donated and remaining was distributed according to their investment and time. Find profit share of B?
Rs 4225.50
Rs 6562.50
Rs 7525.50
Rs 5687.50
None of these
; Ratio of their profit sharing
= A : B
= 7500×24 : 7800×20
= 15 : 13
Profit left after donation
= 14000 − 14000 × 12.5/100 = 14000 – 1750 = 12250
B’s share in
profit = 13/15+13 × 12250 = 13/28 × 12250
= Rs 5687.50
By: Parvesh Mehta ProfileResourcesReport error
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