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 profit of each.

Answer 1

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