Abhinaw and Bindra enter into partnership. Abhinaw supplies whole of the capital amounting to Rs.45000 with the condition that the profits to be equally divided and that Biridrà pays Abhinaw interest on half of the capital at 10% per annum, but receives 120 per month for carrying on the concern. Find the total yearly profit when B's income is one half of A's income (in Rs.) 1) 7280 2) 9180 3) 7590 4) 8930 5) 8630
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Let the total profit be Rs. x
Amount paid to B as salary = (120 x 12)
= Rs.1440
Share of each = \inline (\frac{x-1440}{2})
Interest paid by B = \inline \frac{22500\times 10}{100}=Rs.2250
Total money received by A = \inline \frac{x-1440}{2}+2250
= Rs.\inline (\frac{x+3060}{2})
Total money received by B
\inline [(\frac{x-1440}{2})+1440-2250]= (\frac{x-3060}{2})
\inline \Rightarrow \frac{1}{2}-(\frac{x+3060}{2})-(\frac{x-3060}{2})
\inline \Rightarrow x=9180
Filed Under: Partnership - Quantitative Aptitude - Arithmetic Ability
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