A working partner gets 20 as his commission of the profit after his commission is paid If the workin...........

Quantitative Aptitude ( CCS) Partnership

A working partner gets 20% as his commission of the profit after his commission is paid, If the working partner's commission is Rs. 8000, Then what is the total profit in the business?

Rs.47,000

Rs.48,000

Rs.45,000

None of these

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Explanation:

Let the total profit = Rs. K.
According to the question,
Remaining profit after paying 20 % working Partner’s commission = (k- 8000)
∴ (K-8000) × 20/100 = 8000
k = 48000
∴ Total profit = Rs. 48,000