M and N are partners in a firm out of which M is sleeping partner and N is working partner. M invests Rs. 1,80,000 and N invests Rs. 90,000. N receives 14.5% of profit for managing the business and the rest is shared between both in ratio of their investments. M’s share in the profit of Rs. 24000 is ?
Answer: D
Profit received by N as working partner = 14.5% of Rs. 24000 = Rs. 3480
Balance in profit = 24000 - 3480 = Rs. 20520
Ratio of M and N =1,80,000 : 90,000 ==>2:1
Then M’s share 3 20520 2 ? Rs 13680