A and b enter into a partnership with respective capitals of rs. 20,000 and rs. 40,000. At the end of the year, the total profit is rs. 33,000. If a receives rs. 15,000 as both his salary and profit, then what is his salary?
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Given:
A enters the partnership with Rs 20,000
B enters the partnership with Rs 40,000
The profit is Rs 33,000
A receives Rs 15,000 as both his salary and profit
To Find:
How much is A's salary
Solution
Find the ratio of their partnership:
A : B = 20,000 : 40,000
A : B = 1 : 2
Find their shares of the profit:
Profit = Rs 33,000
A : B = 1 : 2
Total parts = 1 + 2
Total parts = 3
3 parts = Rs 33 000
1 part = 33 000 ÷ 3
1 part = Rs 11 000
A = 1 part
A = Rs 11 000
B = 2 parts
B = 11 000 x 2
B = Rs 22 000
Find A's salary:
Profit + Salary = Rs 15000
Profit = Rs 11 000
Salary = 15000 - 11000
Salary = Rs 4000
Answer: A's salary is Rs 4000
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