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What is the share of X in the profit of Rs. 10,800 earned at the end of the year if X and Y started a business by investing Rs. 19,000 and Rs. 17,000 respectively?1. Rs. 5,7002. Rs. 7,6003. Rs. 5,1004. Rs. 6,800 |
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Answer» Correct Answer - Option 1 : Rs. 5,700 Given: X's investment = Rs. 19,000 Y's investment = Rs. 17,000 Total profit = Rs. 10,800 Concept used: Divide the total profit according to investment ratio. Calculations: The total investment of X in one year = 19000 × 12 The total investment of Y in one year = 17000 × 12 The ratio of equivalent capitals of X and Y = (19000 × 12) ∶ (17000 × 12) = 19 ∶ 17 Thus X’s share = 10800 × 19/36 = Rs. 5,700 ∴ The share of X is Rs. 5,700. |
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