1.

A firm makes a total profit of Rs. 500000. Out of which 20% is paid as taxes and the rest is divided among the partners A and B in the ratio 5 ∶ 3. Find the respective shares of A and B.1). 150000 and 2500002). 190000 and 2100003). 200000 and 2000004). 250000 and 150000

Answer»

TOTAL profit = Rs. 500000

TAX PAID = 500000 × 20/100 [? 20% paid as tax] = Rs. 100000

REMAINING profit = Rs. (500000 – 100000) = Rs. 400000

Remaining profit is divided among A and B in the ratio 5 ? 3.

Let, Share of A = 5x

∴ Share of B = 3x

∴ 5x + 3x = 400000

⇒ 8x = 400000

⇒ x = 50000

∴ Share of A = 5 × 50000 = Rs. 250000

∴ Share of B = 3 × 50000 = Rs. 150000



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