In a business, A invested Rs 25,000 and B invested Rs 24,000. As his salary A got 1/50th of the total profit of Rs 60,000 after which the remaining amount was shared among A and B in the ratio of their shares in profit. Find the difference in the shares of both.
Rs 2,300
Incorrect AnswerRs 2,440
Incorrect AnswerRs 2,500
Incorrect AnswerExplanation:
Ratio of shares A : B is
25000 : 24000
25 : 24
A got 1/50 * 60000 = Rs 1200 extra
So remaining profit to be shared between A and B is 60,000 – 1200 = Rs 58,800
So now B got = 24/(25+24) * 58,800 = Rs 28,800
So A got = 1200 + (58800 – 28000) = Rs 31200
So different in shares = 31200 – 28800 = Rs 2400
Hence, option 4 is the correct answer.
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By: Amit Kumar