Bhargava and Bhandari enter into partnership. Bhargava invested Rs 50,00,000 and Bhandari Rs 30,00,000. Bhargava is to get 10% and Bhandari 5% of the total profit for a year as Manager and Accountant, respectively and in addition, each is to get interest at the rate of 5% p.a. on the capital they put in. The remaining profits are to be divided equally between them. If at the end of the year, Bhargava gets Rs 1,60,000 more than what Bhandari gets, how much does each get?
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Bhargav got 5,00,000
Bhandari got 1,50,000
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