Aman started a business with Rs. 10,000. Four months later, Gautam joined him with Rs. 24,000. Aman received Rs. 2,320, including 10% commission, for managing the business. What amount did Gautam receive?
Explanation:
Let the total profit earned at the end of the year be P. Aman receives 10% commission from this, hence A's commission = P/10 = 0.1P Net Profit left to be distrubuted to partners = 0.9P
Ratio of profit = 10000 × 12 : 24000 × 8 = 5 : 8
∴ Aman's share of profit = 513 × 0.9P = 4.5P13
⇒ 4.5P13 + 0.1P = 2320
⇒ 5.8P = 30160
⇒ P = 5200
∴ Gautam's share of profit = 8/13 × 0.9 × 5200 = Rs. 2,880
Hence, option (c).
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