Question

Tanoj & Manoj started a business by investing Rs 75000 and Rs 90000 respectively. It was decided to pay Tanoj a monthly salary of Rs 1875 as he was the active partner. At the end of the year if the total profit is Rs 39000 find the difference of their profits

Answer 1

Profit sharing ratio = 75000 : 90000 = 5 : 6 Total profit = Rs. 39000
Salary of Tanoj = $12\times 1875=Rs.22500$
Profit left =$Rs.39000-Rs.22500=Rs.16500$
Tanoj's profit = $\frac{5}{11}\times 16500=Rs.7500$
$\therefore$ Total profit of Tanoj =$22500+7500=Rs.30000$
Manoj's profit = $\frac{6}{11}\times 16500=Rs.9000$

Difference=21000