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Q: Tejal has a 40% stake and Ashank has a 60% stake in a partnership firm. On an average, if Tejal earns a profit of `10,00,000 annually how much profit will Ashank make.
  • A. रु 24 Lakh
  • B. रु 25 Lakh
  • C. रु 30 Lakh
  • D. रु 15 Lakh
Correct Answer: Option D - Ratio of profit of Tejal and Ashank = ratio of their partnership = 40:60 = 2:3 = 2x:3x (suppose) According to the question, profit of Tejal = 2x = 10,00,000 x = 500000 Profit of Ashank = 3x = 3×500000 = `1500000 = Rs.15 Lakh
D. Ratio of profit of Tejal and Ashank = ratio of their partnership = 40:60 = 2:3 = 2x:3x (suppose) According to the question, profit of Tejal = 2x = 10,00,000 x = 500000 Profit of Ashank = 3x = 3×500000 = `1500000 = Rs.15 Lakh

Explanations:

Ratio of profit of Tejal and Ashank = ratio of their partnership = 40:60 = 2:3 = 2x:3x (suppose) According to the question, profit of Tejal = 2x = 10,00,000 x = 500000 Profit of Ashank = 3x = 3×500000 = `1500000 = Rs.15 Lakh