A man starts a business with a capital of Rs. 90,000 and employs an assistant. From the yearly profit he keeps an amount equal to 4½ % of his capital from the profit and pays his assistant 35 % of the remainder of the profit. Find how much the assistant receives in a year in which the profit is Rs. 30,000?
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Answer:Rs. 9082.5
Step-by-step explanation:
Money kept by Owner from profit= 90000*4.5%=4050
Residual Profit=30000-4050=25950
Salary paid to assistant=35% of Residual profit= 25950* 35%= Rs. 9082.5
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