1.

Two friends Varun and Deepak start a business with an investment of Rs. 23000 and Rs. 46230 respectively. If the profit of Deepak is Rs. 8040 at the end of the year then find the profit of Varun.1. Rs. 30002. Rs. 33503. Rs. 40004. Rs. 5100

Answer» Correct Answer - Option 3 : Rs. 4000

GIVEN:

Two friends Varun and Deepak start a business with an investment of Rs. 23000 and Rs. 46230 respectively.

Profit of Deepak is Rs. 8040 

CONCEPT:
Basic concept of Profit and Loss.

FORMULA USED:

Ratio of profit sharing = Ratio of [Investment × Time]

CALCULATION:

Ratio in which profit will be shared between Varun and Deepak

= (23000 × 12) : (46230 × 12)

= 100 : 201

Now,

Profit of Varun = 8040 × 100/201 = Rs. 4000


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