Quantitative Aptitude Quest
Profit and Loss
Sunil is a working and Ravi a sleeping partner in a business. Sunil puts in Rs.12,000 and Ravi Rs.20,000. Sunil receives 10% of the profits for managing, the rest of the profits being divided in proportion to their investments. Of a profit of Rs.8,000, Ravi will get
1. Rs.2,700
2. Rs.5,300
3. Rs.3,500
4. Rs.4,500
Sunil's share for managing = 10% of Rs.8,000 = Rs.800. Remaining profit of Rs.7,200 is to be divided in the ratio 12,000 : 20,000, i.e.,
3 : 5 between Sunil and Ravi. Share of Ravi = 5/8 of Rs.7,200 = Rs.4500