Question

A and B are business partners. A receives 38% of the profit. If B's share was Rs. 15500 in a particular year, find the total profit that year.

Answer 1

A and B are business partners. A receives 38% of the profit.

A's profit percentage = 38%

then B's profit percentage will be = 100 - 38 = 62%

B's profit share = 15500

then A's share will be = (15500/62)*100 = 250 * 100 = 25000

total profit = A's share + B's share = 25000 + 15500 = 40500