Jaya, Seema, Nikhil and Neelesh put in altogether Rs 360000 to form a

1.	Jaya, Seema, Nikhil and Neelesh put in altogether Rs 360000 to form a partnership, with their investments being in the proportion 3 : 4 : 7 : 6. What was Jaya’s actual share in the capital? They made a profit of 12%. How much profit did Nikhil make?
Answer» Total investment = Rs 360000 Profit earned = 12% ∴ Total profit = 12% of 360000 = 12/100 x 360000 = Rs 43200 Proportion of investment = 3 : 4 : 7 : 6 Let the investment of Jaya, Seema, Nikhil and Neelesh be Rs 3x, Rs 4x, Rs 7x and Rs 6x respectively. 3x + 4x + 7x + 6x = 360000 ∴ 20x = 360000 ∴ x = 360000/20 = 18000 ∴ Jaya’s investment = 3x = 3 x 18000 = Rs 54000 Also, profit made by them is Rs 43200 ∴ 3x + 4x + 7x + 6x = 43200 ∴ 20x = 43200 ∴ x = 43200/20 = 2160 ∴ Nikhil’s profit = 7x = 7 x 2160 = Rs 15120 ∴ Jaya’s share in the capital was Rs 54000 and the profit made by Nikhil was Rs 15120.

Jaya, Seema, Nikhil and Neelesh put in altogether Rs 360000 to form a partnership, with their investments being in the proportion 3 : 4 : 7 : 6. What was Jaya’s actual share in the capital? They made a profit of 12%. How much profit did Nikhil make?

Answer»

Total investment = Rs 360000

Profit earned = 12%

∴ Total profit = 12% of 360000

= 12/100 x 360000

= Rs 43200

Proportion of investment = 3 : 4 : 7 : 6

Let the investment of Jaya, Seema,

Nikhil and Neelesh be Rs 3x, Rs 4x, Rs 7x and Rs 6x respectively.

3x + 4x + 7x + 6x = 360000

∴ 20x = 360000

∴ x = 360000/20

= 18000

∴ Jaya’s investment = 3x = 3 x 18000 = Rs 54000

Also, profit made by them is Rs 43200

∴ 3x + 4x + 7x + 6x = 43200

∴ 20x = 43200

∴ x = 43200/20

= 2160

∴ Nikhil’s profit = 7x = 7 x 2160 = Rs 15120

∴ Jaya’s share in the capital was Rs 54000 and the profit made by Nikhil was Rs 15120.