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 N5,000 more than X. What is the total profit of the company for the year?
A
N20, 000
B
N25,000
C
N30,000
D
N15,000
E
N45, 000
Verified Correct Answer: E.
Step-by-Step Mathematical Solution
Total sharing ratio is 9
X has 4, Y has 4 + 1
If 1 is N5000
Total profit = 5000 x 9
= N45,000
Source: Myschool Past Questions Archive (Record #32445)