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Indian Economy - Understanding the basics of Indian economic system

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    Ashok being the sleeping partner receives 1/10th of profit and the remaining is divided between pramod and prakash in the ratio of 1:2..If the difference between the profit shares of Ashok and Prakash is Rs.2000.What is pramod’s share in Rs.?

    Rs.1800

    Incorrect Answer

    Rs.2200

    Incorrect Answer

    Rs.1200

    Correct Answer

    Rs.1500

    Incorrect Answer
    Explanation:

    let total profit =x
    ashok’s share in profit is (1/10)x
    remaining profit = x= (1/10)x= (9/10)x
    pramod’s share= 1/3 x (9/10)x = (3/10 )x
    Prakash’s share= 2/3 x (9/10)x = (6/10)x
    ashok – prakash= (6/10)x -(1/10)x = (5/10)x
    5/10 x = 2,000 so, x= 4000
    pramod’s share= (3/10) x 4000=1200


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