A and B start a business, with A investing the total capital of Rs.25000, on the condition that B ...

A and B start a business, with A investing the total capital of Rs.25000, on the condition that B pays A interest @ 10% per annum on his half of the capital. A is a working partner and receives Rs.250 per month from the total profit and any profit remaining is equally shared by both of them. At the end of the year, it was found that the income of A is twice that of B. Find the total profit for the year?

Quiz

Answer/Solution

E)11500

Steps/Work

Interest received by A from B = 10% of half of Rs.25000 = 10% * 12500 = 1250.
Amount received by A per annum for being a working partner = 250 * 12 = Rs.3000.
Let 'P' be the part of the remaining profit that A receives as his share. Total income of A = (1250 + 3000 + P)
Total income of B = only his share from the remaining profit = 'P', as A and B share the remaining profit equally.
Income of A = Twice the income of B
(1250 + 3000 + P) = 2(P)
P = 4250
Total profit = 2P + 3000
= 2*4250 + 3000 = 11500
Answer:E

Gain Calculator / Auto Solver

A and b start a business, with a investing the total capital of $, on the condition that b pays a interest @ % per annum on his half of the capital. A is a working partner and receives $ per month from the total profit and any profit remaining is equally shared by both of them. At the end of the year, it was found that the income of a is twice that of b. Find the total profit for the year?

Calculated Answer

15250

Step by Step Solution

In order to solve problem, you must evaluate n2 + (n0 / 2) / n1 * 3 * 4.

n0 =25000
n1 =10
n2 =250