Multiple Choice Questions on Two persons A and B invested in a business with 115000 and 75000 rupees respectively They agree that........... for Mathematics - All Exams Preparation

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Indian Economy - Understanding the basics of Indian economic system

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    Two persons A and B invested in a business with 115000 and 75000 rupees respectively. They agree that 40% of the profit should be divided equally among them and rest is divided between them according to their investment. If A got 500 rupee more than B, then the total profit is.

    3599.34

    Incorrect Answer

    3699.34

    Incorrect Answer

    3958.34

    Correct Answer

    3999.34

    Incorrect Answer
    Explanation:

    Ratio in which the profit will divide – 23:15. Let the profit be P
    now, [(23/38) – (15/38)]*(60/100)*P = 500
    P = 3958.34


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