Arithmetic Ability
Partnership

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Q.

Munna and Chinna are partners in a firm out of which Munna is sleeping partner and Chinna is working partner. Munna invests Rs. 1,40,000 and Chinna invests Rs. 80,000. Chinna receives 14.5% of profit for managing the business and the rest is shared between both in ratio of their investments. Munna's share in the profit of Rs. 19600 is ?

View Answer

Correct choice: C

Explanation:

Profit received by Chinna as working partner = 14.5% of Rs. 19600 = 14.5x19600/100 = Rs. 2842 Balance in profit = 19600-2842 = Rs. 16758 Ratio of investment of Chinna & Munna = 80,000 : 1,40,000 = 4 : 7 Hence share of Chinna in investment = 4x16758/100 = Rs. 6093.85 Therefore, Share of Munna = 19600 - 2842 - 6093.85 = Rs. 10664.15
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