Question 93
Two partners invested Rs.1,25,000 and Rs.85,000 respectively in a business. They agreed to share 60% of the profit equally and the remaining profit as interest on their respective capitals. If one partner gets Rs.300 more than the other partner, the profit on the business is (in Rs)
Solution
Let say ,total profit earned is k.
So,they will divide 0.60k equally among them ; each will get 0.30k.
And rest of the profit, i.e.0.40k will divide in the ratio of$$125000:85000=25:17.$$
So,one will get $$0.40k×(25/42)$$ and other one will get$$0.40k×(17/42)$$.
So,$$0.40k(25/42-17/42)=300.$$
or,$$(8/42)k=750.$$
or,$$k=3937.50$$
So, D is correct choice.
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