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Two partners invested Rs. 125000 and Rs. 85000 respectively in a business. They distribute 60% of the profit equally and decide to distribute the remaining 40% as the interest on their capitals. If one partner received Rs. 3000 more than the other, the total profits is ?
- a)Rs. 42250
- b)Rs. 39375
- c)Rs. 38840
- d)Rs. 36575
Correct answer is option 'B'. Can you explain this answer?
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Verified Answer
Two partners invested Rs. 125000 and Rs. 85000 respectively in a busin...
Now, this amount of Rs. has been divided in the ratio of capitals, which is 125000 : 85000 or 25 : 17 as interests
∴ Interest on first capital
Most Upvoted Answer
Two partners invested Rs. 125000 and Rs. 85000 respectively in a busin...
Let's assume that the total profit of the business is 'P'. According to the given information, 60% of the profit is distributed equally among the partners, and the remaining 40% is distributed as interest on their capitals.
Let's calculate the total interest on the capitals first.
- The first partner invested Rs. 125000, so the interest on their capital would be (125000/100) * 40 = Rs. 50000.
- The second partner invested Rs. 85000, so the interest on their capital would be (85000/100) * 40 = Rs. 34000.
Since the first partner received Rs. 3000 more than the second partner, the distribution of profit would be as follows:
- The first partner received Rs. 50000 + Rs. 3000 = Rs. 53000.
- The second partner received Rs. 34000.
Now, let's find the total profit of the business.
- The first partner received 60% of the profit, which is Rs. 53000. So, (53000/60) * 100 = Rs. 88333.33 is the total profit.
- The second partner received 60% of the profit, which is Rs. 34000. So, (34000/60) * 100 = Rs. 56666.67 is the total profit.
Adding the profits received by both partners gives us:
- Rs. 88333.33 + Rs. 56666.67 = Rs. 145000 is the total profit.
Therefore, the correct option is (b) Rs. 39375, which is the total profit of the business.
Let's calculate the total interest on the capitals first.
- The first partner invested Rs. 125000, so the interest on their capital would be (125000/100) * 40 = Rs. 50000.
- The second partner invested Rs. 85000, so the interest on their capital would be (85000/100) * 40 = Rs. 34000.
Since the first partner received Rs. 3000 more than the second partner, the distribution of profit would be as follows:
- The first partner received Rs. 50000 + Rs. 3000 = Rs. 53000.
- The second partner received Rs. 34000.
Now, let's find the total profit of the business.
- The first partner received 60% of the profit, which is Rs. 53000. So, (53000/60) * 100 = Rs. 88333.33 is the total profit.
- The second partner received 60% of the profit, which is Rs. 34000. So, (34000/60) * 100 = Rs. 56666.67 is the total profit.
Adding the profits received by both partners gives us:
- Rs. 88333.33 + Rs. 56666.67 = Rs. 145000 is the total profit.
Therefore, the correct option is (b) Rs. 39375, which is the total profit of the business.
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Two partners invested Rs. 125000 and Rs. 85000 respectively in a business. They distribute 60% of the profit equally and decide to distribute the remaining 40% as the interest on their capitals. If one partner received Rs. 3000 more than the other, the total profits is ?a)Rs. 42250b)Rs. 39375c)Rs. 38840d)Rs. 36575Correct answer is option 'B'. Can you explain this answer?
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Two partners invested Rs. 125000 and Rs. 85000 respectively in a business. They distribute 60% of the profit equally and decide to distribute the remaining 40% as the interest on their capitals. If one partner received Rs. 3000 more than the other, the total profits is ?a)Rs. 42250b)Rs. 39375c)Rs. 38840d)Rs. 36575Correct answer is option 'B'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about Two partners invested Rs. 125000 and Rs. 85000 respectively in a business. They distribute 60% of the profit equally and decide to distribute the remaining 40% as the interest on their capitals. If one partner received Rs. 3000 more than the other, the total profits is ?a)Rs. 42250b)Rs. 39375c)Rs. 38840d)Rs. 36575Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Two partners invested Rs. 125000 and Rs. 85000 respectively in a business. They distribute 60% of the profit equally and decide to distribute the remaining 40% as the interest on their capitals. If one partner received Rs. 3000 more than the other, the total profits is ?a)Rs. 42250b)Rs. 39375c)Rs. 38840d)Rs. 36575Correct answer is option 'B'. Can you explain this answer?.
Two partners invested Rs. 125000 and Rs. 85000 respectively in a business. They distribute 60% of the profit equally and decide to distribute the remaining 40% as the interest on their capitals. If one partner received Rs. 3000 more than the other, the total profits is ?a)Rs. 42250b)Rs. 39375c)Rs. 38840d)Rs. 36575Correct answer is option 'B'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about Two partners invested Rs. 125000 and Rs. 85000 respectively in a business. They distribute 60% of the profit equally and decide to distribute the remaining 40% as the interest on their capitals. If one partner received Rs. 3000 more than the other, the total profits is ?a)Rs. 42250b)Rs. 39375c)Rs. 38840d)Rs. 36575Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Two partners invested Rs. 125000 and Rs. 85000 respectively in a business. They distribute 60% of the profit equally and decide to distribute the remaining 40% as the interest on their capitals. If one partner received Rs. 3000 more than the other, the total profits is ?a)Rs. 42250b)Rs. 39375c)Rs. 38840d)Rs. 36575Correct answer is option 'B'. Can you explain this answer?.
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