M and N are partners in a firm out of which M is sleeping partner and N is working partner M invests...........

Quantitative Aptitude ( CCS) Partnership

M and N are partners in a firm out of which M is sleeping partner and N is working partner. M invests Rs. 1,80,000 and N invests Rs. 90,000. N receives 14.5% of profit for managing the business and the rest is shared between both in ratio of their investments. M’s share in the profit of Rs. 24000 is ?

Rs13680

Rs12650

Rs14480

Rs15680

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Explanation:

Profit received by N as working partner = 14.5% of Rs. 24000= Rs. 3480
Balance in profit = 24000-3480 = Rs. 20520
Ratio of M and N=1,80,000: 90,000==>2:1
Then M’s share 3 20520 2 ? Rs13680