Ankita
CAT Preparation Community 3y ago
Eena and Meena start a company investing Rs.1,50,000 and Rs. 2,25,000 respectively. Meena proposed to share the profit at the end of the year in the ratio of their investments. However, Eena being the operating partner demands a fixed salary which will be 20% of the total profit and the remaining amount be divided in the ratio of their investments. If the loss incurred to Meena is Rs. 4.2 lacs, then find the value of the total profit earned by their company
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