anand and pramod entered into a patnership with 36000/- and 55000/- respectively.pramod was a sleeping patner .At the end of the year they received 24000/-each.Find the salary of anand?
well, Anand provided 36/(36+55) = 36/91 of the investment.
So, he should get 36/91 of the income...
To find the salary of Anand, we need to first determine the profit made during the year. From the given information, we know that Pramod was a sleeping partner. In a partnership, sleeping partners do not participate in the day-to-day management of the business and, hence, do not receive a salary or participate in profit-sharing. This means that the entire profit is allocated to Anand.
Let X denote the profit made during the year. Since both partners received an equal share of 24,000/-, we can set up the following equation:
X = 24,000 * 2
X = 48,000/-
Now, to find Anand's salary, we need to subtract Pramod's investment from the total profit:
Anand's salary = Total profit - Pramod's investment
Anand's salary = 48,000 - 55,000
Anand's salary = -7,000/-
According to the given information, the result seems to indicate a negative salary for Anand. However, it is not possible for Anand's salary to be negative. This could indicate that there might be an error or missing information in the given data.