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Kamal started a business investing Rs. 9000. After five months, Sameer joined with a capital of Rs 8000. If at the end of the year, they earn a profit of Rs. 6970, then what will be the share of Sameer in the profit ?
Answer & Solution
Correct Answer:
Option
A
Now as per question, Kamal invested for 12 months and Sameer invested for 7 months.
So Kamal : Sameer = (9000 × 12) : (8000 × 7)
= 108 : 56
= 27 : 14
Sameer Ratio in profit will be
$$\eqalign{ & = {6970 \times \frac{{14}}{{41}}} \cr & = {\text{Rs}}{\text{. 2380}} \cr} $$
$$\eqalign{ & = {6970 \times \frac{{14}}{{41}}} \cr & = {\text{Rs}}{\text{. 2380}} \cr} $$
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Loginthen how kamal's total invetstment is 9000*12
and how smeer's total invetstment is 8000*7
please explain?
And, 14 +27 = 41
Smeer's Money = (total money * 14)/41.
Sameer Ratio in profit will be =(6970*14/41)=Rs 2380.
i can't get it
anyone please help me in this
And, 14 +27 = 41
Smeer's Money = (total money * 14)/41.
Sameer Ratio in profit will be =(6970*14/41)=Rs 2380.
Alternative,
Total profit = 6970
14x +27x = 6970
x = 6970/41 = 170
Sameer's profit = 14x = 14*170 =Rs 2380.