Nitesh & Jitesh invested Rs 15000 and Rs 18000 respectively in a business. If the total profit at the end of the year is Rs 8800 and Nitesh being an active partner gets an additional 12.5% of the profit, find the total profit of Nitesh in Rs
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Profit sharing ratio = 15000 : 18000 = 5 : 6 Total profit = 8800 Nitesh gets 12.5% of the profit =12.5100×8800=Rs.1100 Net profit = 8800−1100=Rs.7700 Nitesh share in profit =55+6×7700=Rs.3500 Total profit of Nitesh =3500+1100=Rs.4600
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