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In the company, there are two types of partner i.e working and sleeping partners. The commission paid by the company to their each working partner is 10 % of the total profit. There are two working partners who are paid Rs. 20000 each. The remaining profit is shared equally among the four partners. Find the amount paid to each sleeping partner in the business.

In the company, there are two types of partner i.e working and sleeping partners. The commission paid by the company to their each working partner is 10 % of the total profit. There are two working partners who are paid Rs. 20000 each. The remaining profit is shared equally among the four partners. Find the amount paid to each sleeping partner in the business. Correct Answer Rs. 40000

GIVEN :

The commission paid to the working partner in a business is 10% of the total profit.

The salary of each working partner is Rs. 20000.

The remaining profit is shared equally among the four partners.

 

CALCULATION :

The commission paid to the working partner in a business is 10% of the total profit.

The salary of each working partner is Rs. 20000.

Then, 10% = 20000

⇒ 100% = 200000

The salary of 2 working partner = 20000 × 2 = 40000

The remaining profit = 200000 - 40000 = 160000

The remaining profit is shared equally among the four partners. 

Then, the amount paid to each sleeping partner in the business = 160000/4 = 40000

∴ The amount paid to each sleeping partner in the business is Rs. 40000.

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