Solved UPSC CDS/OTA Question
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Q · PartnershipMedium · 45s
Two partners invest Rs. 125000 and Rs. 85000, respectively in a business and agree that 60% of the profit should be divided equally between them and the remaining profit is to be treated as interest on capital. If one partner gets Rs. 600 more than the other, find the total profit made in the business.
TopicPartnership
Question Typemultiple choice
DifficultyMedium
Marking+1 / −0.33
From TestChapter Test 1 (Chapter Test)
Test Duration30 min
Step-by-Step Solution
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Final Answer: Option B — Rs. 885