Practice mode Partnership

A and B invest equal capital. A, the working partner, gets a fixed monthly salary, and the rest of the profit is shared equally. Out of an annual profit of Rs. 84,000, A receives Rs. 54,000. What is A’s monthly salary?

Correct answer B. Rs. 2,000

Explanation

If salary is s per month, A gets 12s + (84,000 - 12s)/2 = 6s + 42,000 = 54,000. So s = Rs. 2,000.

Report a problem

Answer checked How we write and check questions

Tip: press A, B, C or D to answer, and N for the next question.

Advertisement

Have a question about this answer?

Your email address will not be published. Required fields are marked *

Links and website addresses are not allowed in comments.