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Q.
A is a working and B is sleeping partners in a business. A puts in Rs. 5000 and B puts in Rs.6000. A receives % of the profit for managing the business and the rest is divided in proportion to their capital. What does each get out of a profit of Rs. 880?
A.
Rs.420
B.
Rs.426
C.
Rs.423
D.
Rs.428
E.
None of the above
View Answer
Correct choice: A
Explanation:
Total profit = Rs. 880 A's share for managing the business i.e \inline 12\frac{1}{2} % = \inline \frac{25\times 880}{200}=Rs.110 Remaining profit of A and B as per their capital = 880 - 110 = Rs. 770 Ratio of amounts = 5000 : 6000 = 5 : 6 Sum of ratios = 5 + 6 = 11 A's share = \inline 770\times \frac{5}{11}= Rs.350 A's total share = 350 + 110 = Rs. 460 B's share = \inline 770\times \frac{6}{11}=Rs.420
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