Mathematics · Partnership
A and B enter into a partnership by investing Rs. 24,000 each. However, B borrows his entire investment amount from A at an interest rate of 10% per annum. To manage the business, B is paid a monthly salary of Rs. 120. At the end of the year, if B's total income is half of A's total income, what is the total profit earned from the business?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 12,060
- 2Rs. 12,000
- 3Rs. 9,660
- 4Rs. 10,080✓
Correct answer
Rs. 10,080
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