Ram and Shyam form a partnership (with Shyam as working partner) and start a business by
investing 4000 and 6000 respectively. The conditions of partnership were as follows:
1. In case of profits till 200,00 per annum, profits would be shared in the ratio of the invested capital.
2.Profits from 200,001 till 400,000 Shyam would take 20% out of the profit, before the division of remaining profits, which will then be based on ratio of invested capital.
3.Profits in excess of 400,000, Shyam would take 35% out of the profits beyond 400,000, before the division of remaining profits, which will then be based on ratio of invested capital.
If Shyam’s share in a particular year was 367000, which option indicates the total business
profit (in ) for that year?