Question

sumit gets 5%as his share of total profit earned by acertain company in which he is a sleeping partner what is the total profit of the company if his share is Rs 5000

Answer 1

Answer:

Let the company's profit be x, then-

5000=5/100*x

5000=x/20

5000*20=x

1,00,000=x

Ans. The total profit of company is Rs.1,00,000