Select the correct answerA,B and C are three partners in a business. A receives 37th part of the total profit and remaining profit is distributed between B and C. if profit return will increase from 7% to 12% , then profit of A increase by Rs.450.find the total investment of B & C?
Question
Select the correct answerA,B and C are three partners in a business. A receives 37th part of the total profit and remaining profit is distributed between B and C. if profit return will increase from 7% to 12% , then profit of A increase by Rs.450.find the total investment of B & C?
Solution
To solve this problem, we need to follow these steps:
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First, we need to understand that the increase in profit from 7% to 12% is a 5% increase in profit.
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The problem states that this 5% increase in profit resulted in an increase of Rs. 450 for A. Since A receives 1/37th of the total profit, we can set up the equation: (1/37) * Total Profit * 0.05 = 450.
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Solving this equation for Total Profit gives us: Total Profit = 450 * 37 / 0.05 = Rs. 333,000.
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Since A receives 1/37th of the total profit, the remaining profit that is distributed between B and C is: Total Profit - (1/37 * Total Profit) = Rs. 333,000 - Rs. 9,000 = Rs. 324,000.
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Therefore, the total investment of B and C is Rs. 324,000.
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