Multiple choice

Ashok, Ganesh and Logu started a business by investing Rs. 34000, Rs. 26000 and Rs. 38000 respectively. Ashok is a working partner and Ganesh and Logu is sleeping partner in a business. For managing the business, Ashok receives 10 % of profit. Find the difference between the share of Ashok and Logu, if the total profit at the end of the year is Rs. 73500?

  1. Rs. 4650

  2. Rs. 5280

  3. Rs. 4320

  4. Rs. 5860

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

Ashok gets 10% of 73500 = 7350. Remaining profit = 66150. Ratio of investments: 34:26:38 = 17:13:19. Total parts = 49. Ashok's share = 7350 + (17/49)*66150 = 7350 + 22950 = 30300. Logu's share = (19/49)*66150 = 25650. Difference = 30300 - 25650 = 4650.

AI explanation

Ashok's 10% commission is 7350, leaving a remaining profit of 66150 to be split in the investment ratio of 34000:26000:38000, which is 17:13:19. Ashok's remaining share is (17/49)*66150 = 22950, making his total share 30300. Logu's share is (19/49)*66150 = 25650, so the difference between Ashok and Logu is 30300 - 25650 = 4650.

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