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Q: Munna and Chinna are partners in a firm out of which Munna is sleeping partner and Chinna is working partner. Munna invests Rs. 1,40,000 and Chinna invests Rs. 80,000. Chinna receives 14.5% of profit for managing the business and the rest is shared between both in ratio of their investments. Munna's share in the profit of Rs. 19600 is ?

  • 1
    Rs. 9580.25
  • 2
    Rs. 10600
  • 3
    Rs. 10664.15
  • 4
    Rs. 11060.48
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Answer : 3. "Rs. 10664.15"
Explanation :

Answer: C) Rs. 10664.15 Explanation: Profit received by Chinna as working partner = 14.5% of Rs. 19600 = 14.5x19600/100 = Rs. 2842 Balance in profit = 19600-2842 = Rs. 16758 Ratio of investment of Chinna & Munna = 80,000 : 1,40,000 = 4 : 7 Hence share of Chinna in investment = 4x16758/100 = Rs. 6093.85 Therefore, Share of Munna = 19600 - 2842 - 6093.85 = Rs. 10664.15

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