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Sandeep and Arvind enter into a partnership and invest ₹87,000 and ₹58,000 respectively. They agree to share the profit in the ratio of their capitals. Find the total profit after one year, if Sandeep gains ₹9,900 at the end of the year.
- 16,500
- 15,400
- 19,800
- 20,000
Correct answer: 16,500
Solution
Profit is shared in the ratio of capitals, i.e. 87000:58000 = 3:2. Sandeep’s share is 3/5 of the total profit, and this equals ₹9,900. So total profit = 9,900 × 5/3 = ₹16,500.
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