Question: Anu is a working partner and Bimla is a sleeping partner in a business. Anu puts in Rs. 5000 and Bimla puts in Rs. 6000. Anu receive 12.5% of the profit for managing the business and the rest is divided in proportion to their capital. What does each get out of a profit of Rs. 880?
Options:
A) Rs. 400 and Rs. 480
B) Rs. 460 and Rs. 420
C) Rs. 450 and Rs. 430
D) Rs. 470 and Rs. 410
E) None of the above
Show Answer
Answer:
Correct Answer: B
Solution:
- According to the question,
12.5% of profit $ =\frac{12.5}{100}\times 880=Rs\text{.}110 $
Remaining Rs. 770 is divided in the ratio
$ =5000:6000=5:6 $
$ \therefore $ Profit of Anu $ =\frac{5}{11}\times 770+110=Rs\text{. 460} $
and profit of Bimla $ =\frac{6}{11}\times 770=Rs\text{.}420 $