Home
Class 14
MATHS
A and B enter into partnership. A suppli...

A and B enter into partnership. A supplies whole of the capital amounting to Rs 45,000 with the condition that the profit are to be equally divided and that B pays A interest on half of the capital at 10% per annum, but recives, Rs 120 per month for carrying on the concern. When B's income is onehalf of A's income their total yearly profit is

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step-by-step, we will break down the information given and calculate the total yearly profit based on the conditions provided. ### Step 1: Understand the Partnership Agreement A and B enter into a partnership where: - A supplies the entire capital of Rs 45,000. - Profits are to be divided equally between A and B. - B pays A interest on half of the capital at 10% per annum. - B receives Rs 120 per month for managing the business. ### Step 2: Calculate the Interest Paid by B to A B pays interest on half of the capital (Rs 22,500) at a rate of 10% per annum. \[ \text{Interest} = \text{Principal} \times \text{Rate} \times \text{Time} \] \[ \text{Interest} = 22,500 \times 10\% \times 1 = 22,500 \times 0.10 = 2,250 \text{ Rs per annum} \] ### Step 3: Calculate B's Monthly Income B receives Rs 120 per month for managing the business. Therefore, B's total income for the year is: \[ \text{B's yearly income from management} = 120 \times 12 = 1,440 \text{ Rs} \] ### Step 4: Set Up the Profit Equation Let the total profit from the business be \( P \). According to the problem, the profits are divided equally, so: - A's share of profit = \( \frac{P}{2} \) - B's share of profit = \( \frac{P}{2} \) B's total income (including his share of profit and management fee) can be expressed as: \[ \text{B's total income} = \frac{P}{2} + 1,440 \] ### Step 5: Relate A's and B's Income According to the problem, B's income is half of A's income: \[ \frac{P}{2} + 1,440 = \frac{1}{2} \left( \frac{P}{2} \right) \] ### Step 6: Solve the Equation From the equation above, we can express A's income: \[ A's \text{ income} = \frac{P}{2} \] Thus, we have: \[ \frac{P}{2} + 1,440 = \frac{1}{2} \left( \frac{P}{2} \right) \] This simplifies to: \[ \frac{P}{2} + 1,440 = \frac{P}{4} \] Now, rearranging gives: \[ \frac{P}{2} - \frac{P}{4} = -1,440 \] \[ \frac{2P - P}{4} = -1,440 \] \[ \frac{P}{4} = -1,440 \] Multiplying both sides by 4: \[ P = -5,760 \] ### Step 7: Calculate Total Yearly Profit The total yearly profit \( P \) is equal to 2 times B's share of profit: \[ \text{Total Yearly Profit} = P = 2 \times \frac{P}{2} = P \] Thus, the total yearly profit is: \[ P = 2 \times 1,440 = 2,880 \] ### Final Answer The total yearly profit is **Rs 2,880**. ---
Promotional Banner

Topper's Solved these Questions

  • NUMBER SYSTEM

    ADVANCED MATHS BY ABHINAY MATHS ENGLISH|Exercise MULTIPLE CHOICE QUESTIONS |225 Videos
  • PERCENTAGE

    ADVANCED MATHS BY ABHINAY MATHS ENGLISH|Exercise Questions|110 Videos

Similar Questions

Explore conceptually related problems

A and B enter into a partnership. A puts in the whole capital of Rs 45,000 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?

A & B started business in partnership. A invested total amount of 45000 on condition that profit will be divided equally and B will give 10% annual interest to A on half amount but B will get Rs. 120 per month from annual profit for working in business. If annual profit of B is half the profit of A then what is total profit?

A, B and C enter into partnership in a business with capitals of Rs 5,000, Rs 6,000 and Rs 4,000 respectively. A gets 30 percent of the profit for managing the business and balance is divided in proportion to their capitals. At the end of the year, A gets Rs 200 more than B and C together. Find the total profit.

Find the compound interest on Rs 1000 at the rate of 10% per annum for 18 months when interest is com- pounded half-yearly.

Find the amount and the compound interest on Rs 8000 for years at 10% per annum, compounded half-yearly.

Find the compound interest on Rs 1000 at the rate of 10% per annum for 18 months when interest is compounded half-yearly.

A and B entered into a partnership with capital in the ratio of 5 : 6. After 6 months, C joined the business with half of the capital than B. If at the end of the year, the share of A in total profit is Rs. 2400, then find the total profit earned by C.

Find the amount and the compound interest on Rs 6000 for 1 year at 10% per annum compounded half- yearly.

ADVANCED MATHS BY ABHINAY MATHS ENGLISH-PARTNERSHIP-Questions
  1. Mr. A opened a workshop investing 40,000. He invested additional amoun...

    Text Solution

    |

  2. If Raj was one-third as old as Rahim 5 years back and Raj is 17 years ...

    Text Solution

    |

  3. A, B and C are three partners in a business. A, whose money has been u...

    Text Solution

    |

  4. A, B and C are three partners in a business. The profit share of A is ...

    Text Solution

    |

  5. The Average age of 12 men is decreased by one year when two of them ha...

    Text Solution

    |

  6. A and B enter into partnership investing Rs. 48,000 and Rs. 60,000 res...

    Text Solution

    |

  7. A is three times as old as B. C was twice-as old as A four years ago. ...

    Text Solution

    |

  8. A and B started a business by investing Rs. 36000 and Rs. 45000 respec...

    Text Solution

    |

  9. If two times of the daughter’s age in years is included to the mother’...

    Text Solution

    |

  10. A and B started a business in part nership by investing Rs. 10,000 and...

    Text Solution

    |

  11. The average age of A and B, 2 years ago was 26. If the age of A, 5 yea...

    Text Solution

    |

  12. Ten years ago, Kumar was thrice as old as Sailesh was but 10 years hen...

    Text Solution

    |

  13. Sita and Gita enter into a partnership. Sita contributes Rs 5,000 whil...

    Text Solution

    |

  14. B is a sleeping partner and A working. A puts in Rs 5,000 and B puts i...

    Text Solution

    |

  15. A and B enter into partnership. A supplies whole of the capital amount...

    Text Solution

    |

  16. The ages of Anushka, Kajal and Charu latha together are 57 years. Bhar...

    Text Solution

    |

  17. A woman says, "If you reverse my own age, the figures represent my hus...

    Text Solution

    |

  18. A and B invest Rs 60,000 and Rs 80,000 in a business. A receives Rs 10...

    Text Solution

    |

  19. A and B enter into a partnership. A puts in the whole capital of Rs 45...

    Text Solution

    |

  20. The average of the ages of Sumit, Krishna and Rishabh is 43 years and ...

    Text Solution

    |