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Two partners invested Rs. 50,000 and Rs. 70,000 respectively in a business and agreed that 70% of profit should be divided equally between them and the remaining profit in the ratio of investment. If one partner gets Rs. 90 more than the other then the total profit made in the business is:
  • a)
    Rs. 1700
  • b)
    Rs. 1800
  • c)
    Rs. 1900
  • d)
    Rs. 2000
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Two partners invested Rs. 50,000 and Rs. 70,000 respectively in a bus...
Ratio of profits = 50,000 : 70,000 = 5 : 7
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Two partners invested Rs. 50,000 and Rs. 70,000 respectively in a bus...

Given Information:
- Partner 1 invested Rs. 50,000
- Partner 2 invested Rs. 70,000
- Profit sharing agreement: 70% divided equally, remaining in ratio of investment
- One partner gets Rs. 90 more than the other

Calculating Profit Sharing:
- Let the total profit be x
- 70% of x = 0.7x
- According to the agreement, 0.7x is divided equally between partners
- Each partner gets 0.35x
- Remaining profit (30%) = 0.3x
- This remaining profit is divided in the ratio of investment:
- Partner 1's share = 0.3x * (50,000 / 120,000)
- Partner 2's share = 0.3x * (70,000 / 120,000)

Difference in Profit Sharing:
- According to the question, one partner gets Rs. 90 more than the other
- Set up an equation using the calculated profit sharing for both partners
- Let the difference in profit sharing be Rs. 90
- Solve for x

Calculating Total Profit:
- Once you have found the value of x, it will give you the total profit made in the business
- Choose the option that matches the calculated total profit

Therefore, the correct answer is option b) Rs. 1800.
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Two partners invested Rs. 50,000 and Rs. 70,000 respectively in a business and agreed that 70% of profit should be divided equally between them and the remaining profit in the ratio of investment. If one partner gets Rs. 90 more than the other then the total profit made in the business is:a)Rs. 1700b)Rs. 1800c)Rs. 1900d)Rs. 2000Correct answer is option 'B'. Can you explain this answer?
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Two partners invested Rs. 50,000 and Rs. 70,000 respectively in a business and agreed that 70% of profit should be divided equally between them and the remaining profit in the ratio of investment. If one partner gets Rs. 90 more than the other then the total profit made in the business is:a)Rs. 1700b)Rs. 1800c)Rs. 1900d)Rs. 2000Correct answer is option 'B'. Can you explain this answer? for Railways 2024 is part of Railways preparation. The Question and answers have been prepared according to the Railways exam syllabus. Information about Two partners invested Rs. 50,000 and Rs. 70,000 respectively in a business and agreed that 70% of profit should be divided equally between them and the remaining profit in the ratio of investment. If one partner gets Rs. 90 more than the other then the total profit made in the business is:a)Rs. 1700b)Rs. 1800c)Rs. 1900d)Rs. 2000Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Railways 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Two partners invested Rs. 50,000 and Rs. 70,000 respectively in a business and agreed that 70% of profit should be divided equally between them and the remaining profit in the ratio of investment. If one partner gets Rs. 90 more than the other then the total profit made in the business is:a)Rs. 1700b)Rs. 1800c)Rs. 1900d)Rs. 2000Correct answer is option 'B'. Can you explain this answer?.
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