Difficulty: Medium
Correct Answer: ₹ 7875
Explanation:
Introduction / Context:
This is a hybrid profit-sharing agreement: part equally, part proportional to capital (often called interest on capital). We use the difference between partners’ final receipts to back-solve the total profit.
Given Data / Assumptions:
Concept / Approach:
Let total profit be P. Each gets 0.3P from the equal part. From the 40% part, the first gets 0.4P*(25/42), the second 0.4P*(17/42). The difference equals 0.4P*(8/42) = (1.6/21)P. Set this equal to ₹ 600 and solve for P.
Step-by-Step Solution:
Difference = 0.4P * (25−17)/42 = 0.4P * 8/42 = (1.6/21)P.(1.6/21)P = 600 ⇒ P = 600 * 21 / 1.6 = 600 * 13.125 = ₹ 7875.
Verification / Alternative check:
Compute the unequal portion: 0.4P = 3150. Shares in 25 : 17 are 1875 and 1275, difference 600. The equal portion is 0.6P = 4725 → 2362.5 each. Totals differ by exactly 600, confirming P = ₹ 7875.
Why Other Options Are Wrong:
Common Pitfalls:
Final Answer:
₹ 7875
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