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Aditya and Bimal are partners in a firm out of which Aditya is Sleeping partner and Bimal is working partner. Aditya invests Rs. 60, 000 and Bimal invests Rs. 50, 000. Bimal receives 12.5 % of profit for managing the business and balance is shared between them in ratio of their investments. Bimal’s share of profit in profit of Rs. 8800 is

Aditya and Bimal are partners in a firm out of which Aditya is Sleeping partner and Bimal is working partner. Aditya invests Rs. 60, 000 and Bimal invests Rs. 50, 000. Bimal receives 12.5 % of profit for managing the business and balance is shared between them in ratio of their investments. Bimal’s share of profit in profit of Rs. 8800 is Correct Answer 4600

Profit received by Bimal for managing the business = 12.5 % of Rs. 8800 =12.5/100 × 8800 = Rs. 1100

∴ Balance profit = Rs. 8800 – 1100 = Rs. 7700.

Ratio of investment of Bimal: Aditya = 50, 000: 60, 000 = 5: 6

∴ Profit shared by Bimal due to his investment = 5/11 × 7700 = 3500.

∴ Total Profit shared by Bimal = Rs. 1100 + Rs. 3500 = Rs. 4600

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