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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

Answer

Profit sharing ratio = 15000 : 18000 = 5 : 6 Total profit = 8800
Nitesh gets 12.5% of the profit
Net profit =
Nitesh share in profit
Total profit of Nitesh

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