Raj and Sanjay are partners in a business firm. Raj puts in Rs. 5000 and Sanjay put in Rs. 6000. Raj receives 12 (1/2) % of the profit for managing the business and the balance is divided in the ratio of their capitals. If the total profit is Rs. 880, find Raj’s total share.
1 point
Answers
Answer:
As Raj is managing the business he is the working partner, while Sanjay is the sleeping partner. Raj gets his share of profit and 12.5 % for managing the business. 12.5 % of 880 is 110. So, Raj gets Rs. 110 and the other profit as well. This profit will be based on the ratio of their investment. Their investment is in the ratio of 5: 6. Thus, the share of Raj in profit is (5/11 x 770) = 350. So, the total gain for Raj will be 110 + 350 = Rs. 460. Thus, the correct answer is C.
Answer:
raj will receive Rs.350 as profit &
for managing the business he got Rs. 110
Step-by-step explanation:
raj = 5000
sanjay = 6000
raj : sanjay = 5 : 6
total profit = 880
profit for managing the business
12.5% = 880*12.5/100
= Rs. 110
880 - 110 = 770
divide into partner ratio
350 & 420