New Click here to Enroll for SIDBI MSME Expert Class by ex-GM, SBI on Nov 24

    Register

    Question

    X, Y, Z enter into partnership with capital

    contribution Rs. 50000, 20000 and 30000 respectively X is working partner of get 20% of profit for managing the business. The remaining profit is distributed in the respect of capital. If At the end of a year X gets Rs. 300 more than Y and Z, then find total profit is?
    A Rs.2100 Correct Answer Incorrect Answer
    B Rs.1500 Correct Answer Incorrect Answer
    C Rs.1000 Correct Answer Incorrect Answer
    D Rs.1200 Correct Answer Incorrect Answer
    E Rs.1700 Correct Answer Incorrect Answer

    Solution

    Ratio of investment of X, Y and Z = 50 : 25 : 30 = 10 : 4 : 6 Let total profit be 100%. After 20% given to X, Value of 1 unit = 80%/20 = 4% => (20 + 10 × 4 – (6+4) × 4)% = 300 ∴  Total profit = Rs. 1500

    Practice Next

    Relevant for Exams: