Multiple Choice Questions on Two partners invest Rs 12500 and Rs 8500 respectively in a business and agree that 60 of the profit ........... for SBI (Clerical) Exam Preparation

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Multiple Choice Questions

Two partners invest Rs 12500 and Rs 8500 respectively in a business and agree that 60 of the profit ...........

Quantitative Aptitude (SBI-CL) Partnership
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    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.

    3250 

    Incorrect Answer

    4050 

    Incorrect Answer

    3550 

    Incorrect Answer

    3150 

    Correct Answer

    None of these

    Incorrect Answer
    Explanation:

    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

    By: Munesh Kumari
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