Multiple choice

Maniram and Dhaniram are partners in a firm, wherein Maniram is an inactive partner and Dhaniram is an active partner. Maniram invests Rs. 1,50,000 and Dhaniram invests Rs. 90,000. Dhaniram receives 12.5% of profit for running the business and the rest is shared between both in the ratio of their investments. What is Maniram's share in the profit of Rs. 28,000?

  1. Rs. 15,312.5

  2. Rs. 25,312.5

  3. Rs. 12,750

  4. Rs. 24,150

  5. None of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Dhaniram takes 12.5% of 28,000, which is 3,500. The remaining 24,500 is split in the ratio of their investments (150,000:90,000 = 5:3). Maniram's share is 5/8 of 24,500, which equals 15,312.5.

AI explanation

First, calculate the active partner's working commission by taking 12.5 percent of the total profit, which means Dhaniram gets 0.125 x 28000 = 3500. This leaves a divisible profit of 24500, which is shared in their 150000:90000 investment ratio, or 5:3. Maniram receives 5 parts out of 8, so his share is 5/8 of 24500, equaling Rs. 15312.5.

Keep practicing — related questions