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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?
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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...
Total Profit Calculation
To find the total profit made in the business, let's denote:
- Partner A's investment = Rs. 50,000
- Partner B's investment = Rs. 70,000
- Total investment = Rs. 50,000 + Rs. 70,000 = Rs. 1,20,000
Profit Distribution Agreement
- 70% of the profit is divided equally.
- The remaining 30% is divided in the ratio of their investments.
Calculating the Profit Share
Let the total profit be denoted as P.
- Equal share from 70% of profit:
- Each partner gets: \( 0.7P / 2 = 0.35P \)
- Remaining 30% profit distribution in investment ratio:
- Total ratio = 50,000 : 70,000 = 5 : 7 (or 5 parts for A, 7 parts for B)
- Total parts = 5 + 7 = 12 parts.
- Profit share:
- Partner A: \( 0.3P \times (5/12) = 0.125P \)
- Partner B: \( 0.3P \times (7/12) = 0.175P \)
Final Shares Calculation
- Total share for Partner A:
- \( 0.35P + 0.125P = 0.475P \)
- Total share for Partner B:
- \( 0.35P + 0.175P = 0.525P \)
Difference in Earnings
According to the problem, Partner B earns Rs. 90 more than Partner A:
- \( 0.525P - 0.475P = Rs. 90 \)
- This simplifies to \( 0.05P = 90 \)
Finding Total Profit
- Solving for P:
- \( P = 90 / 0.05 = Rs. 1800 \)
Thus, the total profit made in the business is Rs. 1800.
Final Answer
The correct answer is option 'B': Rs. 1800.
To find the total profit made in the business, let's denote:
- Partner A's investment = Rs. 50,000
- Partner B's investment = Rs. 70,000
- Total investment = Rs. 50,000 + Rs. 70,000 = Rs. 1,20,000
Profit Distribution Agreement
- 70% of the profit is divided equally.
- The remaining 30% is divided in the ratio of their investments.
Calculating the Profit Share
Let the total profit be denoted as P.
- Equal share from 70% of profit:
- Each partner gets: \( 0.7P / 2 = 0.35P \)
- Remaining 30% profit distribution in investment ratio:
- Total ratio = 50,000 : 70,000 = 5 : 7 (or 5 parts for A, 7 parts for B)
- Total parts = 5 + 7 = 12 parts.
- Profit share:
- Partner A: \( 0.3P \times (5/12) = 0.125P \)
- Partner B: \( 0.3P \times (7/12) = 0.175P \)
Final Shares Calculation
- Total share for Partner A:
- \( 0.35P + 0.125P = 0.475P \)
- Total share for Partner B:
- \( 0.35P + 0.175P = 0.525P \)
Difference in Earnings
According to the problem, Partner B earns Rs. 90 more than Partner A:
- \( 0.525P - 0.475P = Rs. 90 \)
- This simplifies to \( 0.05P = 90 \)
Finding Total Profit
- Solving for P:
- \( P = 90 / 0.05 = Rs. 1800 \)
Thus, the total profit made in the business is Rs. 1800.
Final Answer
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?
Question Description
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?.
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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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?, a detailed solution 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? has been provided alongside types of 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? theory, EduRev gives you an
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