Rs.15000 were invested by Ram and Shyam together to start a small business.They got a profit of Rs.2000 at the end of the year.Shyam took his profit share of Rs.600.How much did Ram invest?Rs.9000Rs.4500Rs.10500Rs.11000
Question
Rs.15000 were invested by Ram and Shyam together to start a small business.They got a profit of Rs.2000 at the end of the year.Shyam took his profit share of Rs.600.How much did Ram invest?Rs.9000Rs.4500Rs.10500Rs.11000
Solution
The total profit is Rs. 2000, out of which Shyam took Rs. 600. This means Ram got the rest of the profit, which is Rs. 2000 - Rs. 600 = Rs. 1400.
The ratio of their investments is therefore the same as the ratio of their profits, which is 1400:600 or 7:3.
Let's denote Ram's investment as R and Shyam's investment as S. We know that R + S = Rs. 15000 and that R/S = 7/3.
Solving these two equations, we get R = Rs. 10500 and S = Rs. 4500.
So, Ram invested Rs. 10500.
Similar Questions
Ram and Sham start running a business together by investing Rs. 4000 and Rs 5000 respectively. If at the end of the year the total profit earned by them was Rs 1800 then what was the share of ram? Question Description : 9001000200800
A started a business by investing Rs.8000. 3 months later B joined him with Rs.5000. If at the end of a year total profit earned was Rs.2350. How much is the share of A more than the share of BSelect one:a. Rs.600b. Rs.800c. Rs.400d. Rs.850
Ramesh and Suresh start a hotel.Ramesh invested Rs. 6000 and Suresh invested Rs.5000.Ramesh’s investment was for 4 months and Suresh’s was for 8 months.If total profit was Rs.6000, how much more profit than Ramesh did Suresh get?Rs.1500Rs.4500Rs.3000Rs.1800
Shiva,Dilip and Sandeep started a business.It was agreed that shiva would invest Rs.8000 for 8 months,Dilip would invest Rs.9000 for 6 months and sandeep would invest Rs.11000 for 4 months.Shiva wants to be a working member for which he was to receive 10% of the profits.The profit earned was Rs.12000.What is the share of Dilip in the profit?Rs.5000Rs.2600Rs.3600Rs.4000
Suresh and Ramesh started a business investing Rs.24,000 and Rs.40,000 respectively.Out of total profit of Rs.15,000, what is Ramesh's share?Rs.10,000Rs.9375Rs.8520None of these
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.