A and B enter into a partnership with respective capitals of Rs. 20,000 and Rs. 40,000. At the end of the year, the total profit is Rs. 33,000. If A receives Rs. 15,000 as both his salary and…
Question and options
A and B enter into a partnership with respective capitals of Rs. 20,000 and Rs. 40,000. At the end of the year, the total profit is Rs. 33,000. If A receives Rs. 15,000 as both his salary and profit, then what is his salary?
- Rs. 2000
- Rs. 4000
- Rs. 6000
- Rs. 3000
Answer and explanation
Correct answer: C - Rs. 6000
Profit ratio = 20000 : 40000 = 1 : 2. If A's salary is s, the rest (33000 - s) is shared 1:2, so , giving and s = Rs 6000 (profit share ; 6000 + 9000 = 15000).
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CUSAT CAT Five-Year LL.B.
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