A and B enter into partnership. A supplies whole of the capital amounting to Rs. 45000 with the condition that the profits to be equally divided and that B pays A interest on half of the capital at 10% per annum, but receives Rs. 120 per month for carrying on the concern.Find their total yearly profit when B’s income is one half of A’s income.
Share
Answer:
Let the total profit be Rs. x
Amount paid to B as salary = (120 x 12
= Rs.1440
Share of each = ({x-1440}/{2})
Interest paid by B = {22500 × 10}/{100}=Rs.2250
Total money received by A = {x-1440}/{2}+2250
= Rs. ({x+3060}/{2})
Total money received by B
{x-1440}/{2})+1440-2250]= ({x-3060}/{2})
{1}/{2}-({x+3060}/{2})-({x-3060}/{2})
x=9180