A starts a taxi service by investing Rs. 25 lakhs. After 3 months, B j

1.	A starts a taxi service by investing Rs. 25 lakhs. After 3 months, B joins the business by investing RS 40 lakhs then 4 months after B joined, C too joins by investing Rs. 50 lakhs. One year after A started the business they make Rs 2,73,000 in profit . What is C's share of the profit(in Rs)?1. Rs1,00,0002. Rs.75,0003. Rs.1,25,0004. Rs.1,50,0005. none of the above
Answer» Correct Answer - Option 2 : Rs.75,000 Given A starts a taxi service by investing Rs. 25 lakhs After 3 months, B joins the business by investing Rs 40 lakhs 4 months after B joined, C to joins by investing Rs. 50 lakhs Concept used The ratio of investing money by three is same as the ratio of profit they earned Calculation A start business by investing 25 lakh rupees for 12 month So total invest = 2500000 × 12 B invest 40 lakh money after 3 months of A B invest 40 lakh for 9 months B invest = 4000000 × 9 C invest money 5 months after B So C invest 5000000 for 5 months The ratio of A, B and C investing = 2500000 × 12 : 4000000 × 9 : 5000000 × 5 ⇒ 30 : 36 : 25 Profit ratio is also same i.e 30 : 36 : 25 Total profit is Rs.273000 Profit share of C is 25/(30 + 36 + 25){273000} ∴ C's share of the Profit is Rs.75,000

A starts a taxi service by investing Rs. 25 lakhs. After 3 months, B joins the business by investing RS 40 lakhs then 4 months after B joined, C too joins by investing Rs. 50 lakhs. One year after A started the business they make Rs 2,73,000 in profit . What is C's share of the profit(in Rs)?1. Rs1,00,0002. Rs.75,0003. Rs.1,25,0004. Rs.1,50,0005. none of the above

Answer» Correct Answer - Option 2 : Rs.75,000

Given

A starts a taxi service by investing Rs. 25 lakhs

After 3 months, B joins the business by investing Rs 40 lakhs

4 months after B joined, C to joins by investing Rs. 50 lakhs

Concept used

The ratio of investing money by three is same as the ratio of profit they earned

Calculation

A start business by investing 25 lakh rupees for 12 month

So total invest = 2500000 × 12

B invest 40 lakh money after 3 months of A

B invest 40 lakh for 9 months

B invest = 4000000 × 9

C invest money 5 months after B

So C invest 5000000 for 5 months

The ratio of A, B and C investing = 2500000 × 12 : 4000000 × 9 : 5000000 × 5

⇒ 30 : 36 : 25

Profit ratio is also same i.e 30 : 36 : 25

Total profit is Rs.273000

Profit share of C is 25/(30 + 36 + 25){273000}

∴ C's share of the Profit is Rs.75,000