1.

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

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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