EMP Q.1

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EMP Q.1

1 A and B enter into a partnership. A puts in the whole capital of Rs.45000 on the condition that the profits will be equally divided after which B will pay A interest on half the capital at 10% p.a. and receive Rs.60 per month from A for carrying on the concern. What is the yearly profit, if B's income is half of A's income?

Option : B
Explanation :
Interest on Rs.22500 = 0.1 x 22500 = 2250
Charges for managing the concern = 60 x 12 = 720
If yearly profit is x, then B's share and A's share = (x/2)
∴(x/2)-2250 + 720
= (1/2)((x/2) -720 + 2250)
=> x = Rs. 9180.

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