UPSC
Government Jobs Exams
Numerical Ability
Profit and Loss
Q. A and B start a business. A contributing Rs 6200 and B Rs. 9100. Out of the profits A is to receive 15% for looking after the business, 10% is to be kept as reserve and the balance is to be devided in proportion to their capitals. If at the end of one year B recieves Rs 4550 as his share of profits. find the sum received by A
Read Solution (Total 2)
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- (4550*6200)/9100 = rs 3100 share got by A upto 75% share
but additionaly A got 15% share for his looking after the buisness so that 15% share is rs 1530
finaly A got 1530+ 3100 =4630 - 10 years agoHelpfull: Yes(3) No(1)
- =4550/9100*15300 = 7650 =Net Profit
7650+850 = 100% therefore Net profit + Reserve
(7650+850)+1500 = 100% Therefore (Net profit + Reserve) + 15% For Looking business
So Gross Profit = 10000.
Less: 15% to A = 1500.
Less:10% Reserve= 850.
Net Profit 7650.
Profit Share: A = 3100 B = 4550
Total Sum To A = 3100+1500 = 4600 (Profit Share + Reserve)
Answer =4600. - 10 years agoHelpfull: Yes(1) No(1)
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