A and B start a business jointly. What is A's share out of an annual profit of ₹ 23,800? I. B's investment is $12\frac{1}{2}\%$ more than A's investment. II. A's investment is ₹ 1,20,000.
Answer
SELF-PRACTICE — the source book printed no answer.
Nothing is invented here, so this question has no answer on record.
Explanation
Annual profit $=₹23800$. I. Let A's investment $=₹x$. Then, B's investment $=112\frac{1}{2}\%$ of ₹$x=₹\left(\frac{9x}{8}\right)$. $\therefore A:B=x:\frac{9x}{8}=8:9$. A's share $=₹\left(23800\times\frac{8}{17}\right)=₹11200$. Thus, I only gives the answer.
Explanation as extracted from the printed page; notation may be imperfect.