A construction company is owned by two partners X and Y and it is agreed that their profit will be divided in the ratio 4:5. At the end of the year, Y received N5000 more than X. What is the total profit of the company for the year?
A. 30000 B. 15000 C. 25000 D. 45000
Correct Answer: D
Explanation
To find the total profit of the company, follow these steps:
1. Determine the ratio of profit shares:
The profit is divided in the ratio \(4:5\). Let's denote the profits of X and Y as \(4k\) and \(5k\) respectively.
2. Set up the equation based on the information given:
We know that Y received N5000 more than X. Therefore: