(A) 55000
(B) 56000
(C) 58333
(D) 59890
Correct Option is: C
Ratio of profit Smith and Michael is,
=>7:8
46% of then profit should be divided equally among them, remaining share is 54% of x
Smith share =54/100 * x * 7/15
Michael share =54/100 * x* 8/15
54/100 * x * 8/15 – 54/100 * x* 7/15 =2100
X =58333