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In 2016, A invested Rs. 26,000 for 12 months. B invested some amount for some time period and C invested Rs. 26,000 for the equal time period that of B’s time period in the same year. Total profit earned in 2016 is Rs. 60,000.In 2013, Profit of A and C together is Rs. 11,000 and the difference in their profit shares in Rs. 1,000. Find the total profit in that year?1). Rs. 200002). Rs. 220003). Rs. 250004). Can’t be determined |
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Answer» Invested amount of A and C are equal in 2013. Hence the PROFIT ratio will be equal to their timing ratio. ∴ Profit ratio of A and C = timing ratio of A and C = 10 : 12 = 5 : 6 TOTAL profit = 5a + 6a = 11a ⇒ 11a = 11,000 ⇒ a = 1,000 ∴ Profit of A = 5a = 5,000 Profit of C = 6a = 6,000 Let amount invested by A for 10 months = z × 10 (in thousand) ∴ Amount invested by C for 12 months = z × 12 (in thousand) ∴ Total amount = 22z (in thousand) B’s Amount for 8 months In 2013 = 20,000 × 8 (20000 × 8)/(22000 × z) = B’s Profit/11000 But we don’t have B’s Profit. ∴ We cannot determine the total profit in 2013. |
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