Q:
Two persons A and B invested in a business with 115000and 75000 rupees respectively. They agree that 40% of theprofit should be divided equally among them and rest isdivided between them according to their investment. If Agot 500 rupee more than B, then the total profit is
Answer & Explanation
Answer: C) 3958.34
Explanation: Ratio in which the profit will divide – 23:15. Let theprofit be P
Now, [(23/38) - (15/38)] x (60/100) x P = 500
P = 3958.34
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