Anu is a working partner and Bimla is a sleeping partner in a business. Anu puts in ₹ 5000 and Bimla puts in ₹ 6000. Anu receives 12.5\% of the profit for managing the business and the rest is divided in proportion to their capitals. What does each get out of a profit of ₹ 880?
(a)₹ 400, ₹ 480
(b)₹ 450, ₹ 430
(c)₹ 460, ₹ 420
(d)₹ 470, ₹ 410
Answer
Answer (as printed): C
Explanation
Anu : Bimla $=5000: 6000=5: 6$. Anu's share for managing business = 12.5\% of ₹ $880=₹ 110$. Net profit $=₹(880-110)=₹ 770$. Anu's share $=₹\left(770 \times \frac{5}{11}\right)=₹ 350$. Anu's total share $=₹(110+350)=₹ 460$. Bimla's share $=₹\left(770 \times \frac{6}{11}\right)=₹ 420$.
Explanation as extracted from the printed page; notation may be imperfect.