Math Problem Statement

sachin started a business with rs 25000.two months later vinod joined him with rs 30000 and a month after that ajith joined with rs 40000.sachin is a working partner and hence receives 10% of the profits as commision.if sachin received a total amont of rs 18300 as profit(including his commission) how much more than vinod did ajith receive in the profit? (a) rs 240 (b) rs 2700 (c) rs 3100 (d) cannot be determined

Solution

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Math Problem Analysis

Mathematical Concepts

Profit Sharing
Ratio and Proportion
Commission Calculation

Formulas

Capital × Time = Weighted Capital Contribution
Partner Share = (Capital × Time / Total Capital × Time) × Remaining Profit
Total Profit = Partner Share + Commission

Theorems

Proportional Distribution

Suitable Grade Level

Grades 10-12