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A, B and C enter into partnership with c...

A, B and C enter into partnership with capital contribution of 25,000, 30,000 and 15,000 respectively. A is the working partner and he gets 30% of the profit for managing the business. The balance profit is distributed in proportion to the capital investment. At the year-end. A gets Rs. 200 more than B and C together.Find the total profit.

A

2500

B

2000

C

2200

D

2400

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The correct Answer is:
To solve the problem step by step, let's break it down: ### Step 1: Identify the capital contributions A, B, and C have the following capital contributions: - A = Rs. 25,000 - B = Rs. 30,000 - C = Rs. 15,000 ### Step 2: Calculate the ratio of their investments To find the ratio of their investments, we can simplify the contributions: - A : B : C = 25000 : 30000 : 15000 - Dividing each by 5000 gives us: A : B : C = 5 : 6 : 3 ### Step 3: Determine the profit-sharing arrangement A receives 30% of the total profit for managing the business. The remaining profit (70%) is distributed in the ratio of their investments (5:6:3). ### Step 4: Let the total profit be represented as 'P' Let the total profit be P. Then: - A's share from managing the business = 30% of P = 0.3P - Remaining profit = 70% of P = 0.7P ### Step 5: Distribute the remaining profit The remaining profit (0.7P) is distributed in the ratio of 5:6:3. - Total parts = 5 + 6 + 3 = 14 parts - Value of each part = 0.7P / 14 Now, we can calculate the shares: - A's share from remaining profit = (5/14) * 0.7P - B's share from remaining profit = (6/14) * 0.7P - C's share from remaining profit = (3/14) * 0.7P ### Step 6: Calculate total shares for A, B, and C - A's total share = 0.3P + (5/14) * 0.7P - B's total share = (6/14) * 0.7P - C's total share = (3/14) * 0.7P ### Step 7: Simplify the expressions Calculating A's total share: - A's total share = 0.3P + (5/14) * 0.7P - A's total share = 0.3P + (5 * 0.7P) / 14 - A's total share = 0.3P + (3.5P) / 14 - A's total share = 0.3P + 0.25P = 0.55P Calculating B's total share: - B's total share = (6/14) * 0.7P = (3/7) * 0.7P = 0.3P Calculating C's total share: - C's total share = (3/14) * 0.7P = (3 * 0.7P) / 14 = 0.15P ### Step 8: Set up the equation based on the problem statement According to the problem, A gets Rs. 200 more than B and C together: - A's share = B's share + C's share + 200 - 0.55P = (0.3P + 0.15P) + 200 - 0.55P = 0.45P + 200 ### Step 9: Solve for P - 0.55P - 0.45P = 200 - 0.10P = 200 - P = 2000 ### Conclusion The total profit is Rs. 2000. ---
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