A and B start a business, with A investing the total capital of Rs . 50000, on the condition that B pays A interest @ 10% per annum on his half of the capital. A is a working partner and receives Rs . 1500 per month from the total profit, and any profit remaining is equally
Q1. A and B start a business, with A investing the total capital of Rs . 50000, on the condition that B pays A interest @ 10% per annum on his half of the capital. A is a working partner and receives Rs . 1500 per month from the total profit, and any profit remaining is equally
Answer: Rs . 69000
Explanation: B pays A interest of 10% on Rs. 25000 = Rs. 2500/year; A receives Rs. 1500/month = Rs. 18000/year as working partner; total A receives = Rs. 2500 + 18000 = Rs. 20500, and remaining profit is split equally; for a total profit yielding Rs. 69000 to A, the full year's figures work out accordingly.