Asked by hiren
p and q started a business. they made an annual profit of rs 50000. q being a working partner received 20 % of the annual profit as his salary. if the entire profit were divided in the ratio of their investment, p would received rs 8000 more as his profit share than what he actually got. find p's actual profit share in rs
Please explain easy way
Please explain easy way
Answers
Answered by
Vinayak Dhotre
Let the investments of P and Q be `p and `q respectively.
Salary of Q = `10000
(40000) 8000
p q
p
(50000)
p q
p +
+
=
+
p : q = 4 : 1
Profit share of p =
5
4
(40000) = `32000 Ans: (32000)
Salary of Q = `10000
(40000) 8000
p q
p
(50000)
p q
p +
+
=
+
p : q = 4 : 1
Profit share of p =
5
4
(40000) = `32000 Ans: (32000)