Quant Exam > Quant Questions > Two partners invest Rs 12500 and Rs 8500 resp...
Start Learning for Free
Two partners invest Rs 12500 and Rs 8500 respectively in a business and agree that 60% 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)3250
- b)3150
- c)4050
- d)3550
- e)None of these
Correct answer is option 'B'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Verified Answer
Two partners invest Rs 12500 and Rs 8500 respectively in a business an...
Most Upvoted Answer
Two partners invest Rs 12500 and Rs 8500 respectively in a business an...
Given:
- Partner 1 invested Rs 12500
- Partner 2 invested Rs 8500
- 60% of the profit to be divided equally between them
- Remaining profit to be treated as interest on capital
- One partner gets Rs 240 more than the other
To find: Total profit made in the business
Let the total profit be P.
Calculation:
- Total investment = Rs 21000 (Rs 12500 + Rs 8500)
- Let x be the amount of profit that each partner receives from the 60% of the profit that is divided equally between them.
- 60% of the profit = 0.6P
- Amount of profit each partner receives = x
- Total profit distributed equally = 2x
- Remaining profit to be treated as interest on capital = (P - 2x)
- Partner 1's share of interest = (P - 2x) * (12500/21000)
- Partner 2's share of interest = (P - 2x) * (8500/21000)
- It is given that one partner gets Rs 240 more than the other.
- Let's assume that Partner 1 gets Rs 240 more.
- Partner 1's total share = x + [(P - 2x) * (12500/21000)] + 240
- Partner 2's total share = x + [(P - 2x) * (8500/21000)]
- As per the given condition,
Partner 1's share - Partner 2's share = 240
(x + [(P - 2x) * (12500/21000)] + 240) - (x + [(P - 2x) * (8500/21000)]) = 240
Simplifying the above equation, we get
(P - 2x) = 3150
Substituting this value in the equation for total profit, we get
P = 2x + (P - 2x)
P = 2x + 3150
P = 2x + (P - 2x)
P = 2x + 3150
P = 2x + (P - 2x)
P = 2x + 3150
P = Rs 3150
Therefore, the total profit made in the business is Rs 3150.
- Partner 1 invested Rs 12500
- Partner 2 invested Rs 8500
- 60% of the profit to be divided equally between them
- Remaining profit to be treated as interest on capital
- One partner gets Rs 240 more than the other
To find: Total profit made in the business
Let the total profit be P.
Calculation:
- Total investment = Rs 21000 (Rs 12500 + Rs 8500)
- Let x be the amount of profit that each partner receives from the 60% of the profit that is divided equally between them.
- 60% of the profit = 0.6P
- Amount of profit each partner receives = x
- Total profit distributed equally = 2x
- Remaining profit to be treated as interest on capital = (P - 2x)
- Partner 1's share of interest = (P - 2x) * (12500/21000)
- Partner 2's share of interest = (P - 2x) * (8500/21000)
- It is given that one partner gets Rs 240 more than the other.
- Let's assume that Partner 1 gets Rs 240 more.
- Partner 1's total share = x + [(P - 2x) * (12500/21000)] + 240
- Partner 2's total share = x + [(P - 2x) * (8500/21000)]
- As per the given condition,
Partner 1's share - Partner 2's share = 240
(x + [(P - 2x) * (12500/21000)] + 240) - (x + [(P - 2x) * (8500/21000)]) = 240
Simplifying the above equation, we get
(P - 2x) = 3150
Substituting this value in the equation for total profit, we get
P = 2x + (P - 2x)
P = 2x + 3150
P = 2x + (P - 2x)
P = 2x + 3150
P = 2x + (P - 2x)
P = 2x + 3150
P = Rs 3150
Therefore, the total profit made in the business is Rs 3150.
|
Explore Courses for Quant exam
|
|
Similar Quant Doubts
Two partners invest Rs 12500 and Rs 8500 respectively in a business and agree that 60% 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)3250b)3150c)4050d)3550e)None of theseCorrect answer is option 'B'. Can you explain this answer?
Question Description
Two partners invest Rs 12500 and Rs 8500 respectively in a business and agree that 60% 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)3250b)3150c)4050d)3550e)None of theseCorrect 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 invest Rs 12500 and Rs 8500 respectively in a business and agree that 60% 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)3250b)3150c)4050d)3550e)None of theseCorrect 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 invest Rs 12500 and Rs 8500 respectively in a business and agree that 60% 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)3250b)3150c)4050d)3550e)None of theseCorrect answer is option 'B'. Can you explain this answer?.
Two partners invest Rs 12500 and Rs 8500 respectively in a business and agree that 60% 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)3250b)3150c)4050d)3550e)None of theseCorrect 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 invest Rs 12500 and Rs 8500 respectively in a business and agree that 60% 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)3250b)3150c)4050d)3550e)None of theseCorrect 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 invest Rs 12500 and Rs 8500 respectively in a business and agree that 60% 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)3250b)3150c)4050d)3550e)None of theseCorrect answer is option 'B'. Can you explain this answer?.
Solutions for Two partners invest Rs 12500 and Rs 8500 respectively in a business and agree that 60% 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)3250b)3150c)4050d)3550e)None of theseCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Quant.
Download more important topics, notes, lectures and mock test series for Quant Exam by signing up for free.
Here you can find the meaning of Two partners invest Rs 12500 and Rs 8500 respectively in a business and agree that 60% 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)3250b)3150c)4050d)3550e)None of theseCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Two partners invest Rs 12500 and Rs 8500 respectively in a business and agree that 60% 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)3250b)3150c)4050d)3550e)None of theseCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for Two partners invest Rs 12500 and Rs 8500 respectively in a business and agree that 60% 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)3250b)3150c)4050d)3550e)None of theseCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Two partners invest Rs 12500 and Rs 8500 respectively in a business and agree that 60% 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)3250b)3150c)4050d)3550e)None of theseCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Two partners invest Rs 12500 and Rs 8500 respectively in a business and agree that 60% 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)3250b)3150c)4050d)3550e)None of theseCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice Quant tests.
|
|
Explore Courses for Quant exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup