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
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