elect the correct answerA and B invested RS. 90,000 and RS. 1,20,000 in a business after 4 months A invested RS. 10,000 more. After 2 more months B withdraw RS. 20,000. If they earned a total profit of RS. 1,86,000. Find the difference in the profit earned by them.OptionsRS. 25,000RS. 40,000RS. 87,000RS. 12,000RS. 30,000
Question
elect the correct answerA and B invested RS. 90,000 and RS. 1,20,000 in a business after 4 months A invested RS. 10,000 more. After 2 more months B withdraw RS. 20,000. If they earned a total profit of RS. 1,86,000. Find the difference in the profit earned by them.OptionsRS. 25,000RS. 40,000RS. 87,000RS. 12,000RS. 30,000
Solution
To solve this problem, we need to calculate the ratio of their investments, which will be the same as the ratio of their profits.
- For the first 4 months, A invested Rs. 90,000 and B invested Rs. 1,20,000.
- Then, A added Rs. 10,000 to his investment, making it Rs. 1,00,000 for the remaining 8 months (12 months - 4 months).
- Two months after A added to his investment, B withdrew Rs. 20,000 from his investment, making it Rs. 1,00,000 for the remaining 6 months (12 months - 2 months - 4 months).
Now, we calculate the total investment for each person over the year:
A's total investment = (Rs. 90,000 x 4 months) + (Rs. 1,00,000 x 8 months) = Rs. 36,00,000 + Rs. 80,00,000 = Rs. 1,16,00,000
B's total investment = (Rs. 1,20,000 x 6 months) + (Rs. 1,00,000 x 6 months) = Rs. 72,00,000 + Rs. 60,00,000 = Rs. 1,32,00,000
The ratio of A's investment to B's investment is 1,16,00,000 : 1,32,00,000 = 29 : 33
If the total profit is Rs. 1,86,000, then A's share of the profit is (29/62) x Rs. 1,86,000 = Rs. 87,000 and B's share of the profit is (33/62) x Rs. 1,86,000 = Rs. 99,000
The difference in the profit earned by them is Rs. 99,000 - Rs. 87,000 = Rs. 12,000
So, the correct answer is Rs. 12,000.
Similar Questions
Select the correct answerA, B, C start a business each investing Rs 20,000. After 5 month A withdraws Rs 5,000, B withdraws Rs 4,000 & C invests Rs 6,000 more. At the end of the year, a total profit of Rs 69,900 was recorded. Find the share of A?Options20,70020,60020,50020,400
elect the correct answerA, B and C invested Rs. 45000, Rs. 70000 and Rs. 90000 respectively to start a business. At the end of 2 years, they earned a profit of Rs. 164000. What will be B’s share in the profit?OptionsRs. 56000Rs.5000Rs. 9000None
A started a business with Rs. 18000. After 4 months B joins with Rs. 24000. After 2 more months C joins with Rs. 30000. At the end of 10 months C received Rs. 1850 as his share. Find the total profit?OptionsRs. 1955Rs. 6510Rs. 6845Rs. 9030
A & B started a partnership business. A's investment was thrice the investment of B and the period of his investment was two times the period of investments of B. If B received Rs 4,000 as profit, what is their total profit?Options28,00030,00032,00034,000
Select the correct answerP, Q and R started a business by investing Rs. 45000, Rs. 55000 and Rs. 60000 respectively. At the end of a year they got a total profit of Rs. 11200. Find how much Q gets more than P in the profit?OptionsRs. 700Rs. 5000Rs. 810Rs. 780
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.