Discussion

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).

» Your doubt will be displayed only after approval.


Doubts


Feedback

Help us build a Free and Comprehensive Preparation portal for various competitive exams by providing us your valuable feedback about Apti4All and how it can be improved.


© 2023 | All Rights Reserved | Apti4All