Three partners decided to start a business. They decided to donate 10% of the profit to a charity organisation and then the remaining profit would be shared among first, second and third partner in the ratio 1: 2: 2. The total profit received was ₹1,80,000. Find the share of the first partner.
- A₹32,400
- B₹31,800
- C₹33,200
- D₹29,600
Solution & Step-by-step Explanation
Total profit = ₹1,80,000
Amount donated to charity = 10% of 1,80,000=
100
10
×1,80,000=₹18,000
Remaining profit to be distributed:
Remaining Profit=1,80,000−18,000=₹1,62,000
The ratio of distribution among the three partners is 1:2:2.
Sum of ratio terms = 1+2+2=5
Share of the first partner:
Share of 1st partner=
5
1
×1,62,000=₹32,400
Amount donated to charity = 10% of 1,80,000=
100
10
×1,80,000=₹18,000
Remaining profit to be distributed:
Remaining Profit=1,80,000−18,000=₹1,62,000
The ratio of distribution among the three partners is 1:2:2.
Sum of ratio terms = 1+2+2=5
Share of the first partner:
Share of 1st partner=
5
1
×1,62,000=₹32,400