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A working partner in business receives 30% as his commission of the profit after his commission is paid. If the working partner’s commission and commission received as profit is equal and is Rs. 9000, what is the total profit in the business?

A working partner in business receives 30% as his commission of the profit after his commission is paid. If the working partner’s commission and commission received as profit is equal and is Rs. 9000, what is the total profit in the business? Correct Answer 39,000

GIVEN :

A working partner in business receives 30% as his commission of the profit.

If the working partner’s commission and commission received as profit is equal and is Rs. 9000

 

FORMULA USED :

Profit = Investment x Time

 

ASSUMPTION :

Let the total profit be x.

 

CALCULATION :

The remaining profit after paying 30% commission to the working partner = (x - 9000).

Since 30% of this is the working partner’s commission,

∴ 0.3 × (x - 9000) = 9000

⇒ x = Rs. 39,000

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