Difficulty: Medium
Correct Answer: 24000
Explanation:
Introduction / Context:
This partnership problem tests layered profit treatment: a charitable donation, reinvestment, and then distribution of the remaining portion based on capital ratio. Only the finally distributed portion generates the ₹ 1200 difference between partners’ shares. We reverse the steps to retrieve the total annual profit.
Given Data / Assumptions:
Concept / Approach:
Let total profit be P. The distributable part after donation and reinvestment is 25% of 80% of P = 0.20P. Shares are in 3:5. Compute the difference between 5/8 and 3/8 of 0.20P, set it equal to ₹ 1200, and solve for P.
Step-by-Step Solution:
Verification / Alternative check:
Plugging back: D = 0.20 * 24000 = 4800. Shares: Pankaj 1800, Sushil 3000; difference = 1200 (matches).
Why Other Options Are Wrong:
18000 and 20000 do not produce a ₹ 1200 difference under the given proportions. “None of these” is unnecessary since 24000 fits exactly.
Common Pitfalls:
Distributing the entire 80% instead of only 25% of it, or mistakenly applying the 3:5 split before donation/reinvestment deductions.
Final Answer:
24000
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