hamburger menu
All Coursesall course arrow
adda247
reward-icon
adda247
    arrow
    arrow
    arrow
    Two partners invest Rs.87000 and Rs.72500 respectively, in a business and agree that 25% of the profit should be divided equally between them and the
    Question

    Two partners invest Rs.87000 and Rs.72500 respectively, in a business and agree that 25% of the profit should be divided equally between them and the remaining profit is to be treated as interest on capital. If one partner gets Rs.240 more than the other, find the total profit made in the business.

    A.

    Rs.3250

    B.

    Rs.3520

    C.

    Rs.3620

    D.

    Rs.3720

    Correct option is B


    Given:
    Two partners invest Rs. 87000 and Rs. 72500 respectively, in a business and agree that 25% of the profit should be divided equally between them and the remaining profit is to be treated as interest on capital. 
    One partner gets Rs. 240 more than the other
    Solution:
    Ratio of the investment of two partners
    ⇒ 87000 : 72500
    ⇒ 6 : 5
    Let the common ratio be Q.
    Interest on their investment is 6Q and 5Q respectively.
    Total profit as interest on capital = 6Q + 5Q = 11Q
    11Q consists (100 - 25)% i.e. 75% of the total profit. 
    Total profit = 11Q ÷ 75% = 44Q/3      ....(1)
    According to the question,
    6Q - 5Q = 240
    ⇒ Q = 240      ....(2)
    Now, the total profit
    ⇒ (44 × 240)/3 (From 1 and 2)
    ⇒ Rs. 3520
    The total profit made in the business is Rs. 3520.

    Free Tests

    Free
    Must Attempt

    SSC GD PYP (Held on 4 Feb 2025 S1)

    languageIcon English
    • pdpQsnIcon80 Questions
    • pdpsheetsIcon160 Marks
    • timerIcon60 Mins
    languageIcon English
    Free
    Must Attempt

    SSC GD Constable Exam Day Based Mock 1

    languageIcon English
    • pdpQsnIcon80 Questions
    • pdpsheetsIcon160 Marks
    • timerIcon60 Mins
    languageIcon English
    Free
    Must Attempt

    Mathematics Section Test 1

    languageIcon English
    • pdpQsnIcon20 Questions
    • pdpsheetsIcon40 Marks
    • timerIcon25 Mins
    languageIcon English

    Similar Questions

    test-prime-package

    Access ‘Supreme Court of india’ Mock Tests with

    • 60000+ Mocks and Previous Year Papers
    • Unlimited Re-Attempts
    • Personalised Report Card
    • 500% Refund on Final Selection
    • Largest Community
    students-icon
    446k+ students have already unlocked exclusive benefits with Test Prime!

    Similar Questions

    Our Plans
    Monthsup-arrow