insurence exam LIC HFL Assistant/Assistant Manager Mock Test Series Quantitative Aptitude Profit and Loss Partnership
A, B and C invest Rs. 150000, Rs. 250000, and Rs. 350000 respectively into a partnership firm. ‘A’ is given Rs. 1000 per month as salary, B is given 10% commission of profit after deducting the salary given to A and the remaining profit is shared among them. At the end of the year if ‘B’ received a total of Rs. 30000 as his share, find the total profit earned.
1
Rs. 77000
2
Rs. 87000
3
Rs. 97000
4
Rs. 67000
5
Rs. 107000