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Anu is a working partner and Bimla is a sleeping partner in a business. Anu puts Rs. 5000 and Bimla putes in Rs. 6000. Anu receives 12.5% of the profit for managing the business and the rest is divided in proportion to their capitals. What does each get put of a profit of Rs. 880 ?
  • a)
    Rs. 400, Rs. 480
  • b)
    Rs. 450, Rs. 430
  • c)
    Rs. 460, Rs. 420
  • d)
    Rs. 470, Rs. 410
Correct answer is option 'C'. Can you explain this answer?
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Anu is a working partner and Bimla is a sleeping partner in a business...

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Anu is a working partner and Bimla is a sleeping partner in a business...
Given:
Anu's investment = Rs. 5000
Bimla's investment = Rs. 6000
Total profit = Rs. 880
Anu's share in profit = 12.5%

Calculation:
Total investment = Rs. 5000 + Rs. 6000 = Rs. 11000
Anu's share in profit = 12.5% of Rs. 880 = Rs. 110

Remaining profit = Rs. 880 - Rs. 110 = Rs. 770

Anu's capital ratio = Rs. 5000 / Rs. 11000 = 5/11
Bimla's capital ratio = Rs. 6000 / Rs. 11000 = 6/11

Share of profit for Anu = 5/11 * Rs. 770 = Rs. 350
Share of profit for Bimla = 6/11 * Rs. 770 = Rs. 420

Final Answer:
Anu's share in profit = Rs. 110 (for managing) + Rs. 350 (share in profit) = Rs. 460
Bimla's share in profit = Rs. 420
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Anu is a working partner and Bimla is a sleeping partner in a business. Anu puts Rs. 5000 and Bimla putes in Rs. 6000. Anu receives 12.5% of the profit for managing the business and the rest is divided in proportion to their capitals. What does each get put of a profit of Rs. 880 ?a)Rs. 400, Rs. 480b)Rs. 450, Rs. 430c)Rs. 460, Rs. 420d)Rs. 470, Rs. 410Correct answer is option 'C'. Can you explain this answer?
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Anu is a working partner and Bimla is a sleeping partner in a business. Anu puts Rs. 5000 and Bimla putes in Rs. 6000. Anu receives 12.5% of the profit for managing the business and the rest is divided in proportion to their capitals. What does each get put of a profit of Rs. 880 ?a)Rs. 400, Rs. 480b)Rs. 450, Rs. 430c)Rs. 460, Rs. 420d)Rs. 470, Rs. 410Correct answer is option 'C'. 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 Anu is a working partner and Bimla is a sleeping partner in a business. Anu puts Rs. 5000 and Bimla putes in Rs. 6000. Anu receives 12.5% of the profit for managing the business and the rest is divided in proportion to their capitals. What does each get put of a profit of Rs. 880 ?a)Rs. 400, Rs. 480b)Rs. 450, Rs. 430c)Rs. 460, Rs. 420d)Rs. 470, Rs. 410Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Anu is a working partner and Bimla is a sleeping partner in a business. Anu puts Rs. 5000 and Bimla putes in Rs. 6000. Anu receives 12.5% of the profit for managing the business and the rest is divided in proportion to their capitals. What does each get put of a profit of Rs. 880 ?a)Rs. 400, Rs. 480b)Rs. 450, Rs. 430c)Rs. 460, Rs. 420d)Rs. 470, Rs. 410Correct answer is option 'C'. Can you explain this answer?.
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