Question
Ravi and Kunal initiated a joint venture by contributing
Rs. 6,000 and Rs. 7,200 respectively. After 6 months, Ravi boosted his investment by 30% and Kunal added Rs. 1,800 more. At the end of the year, what fraction of the total profit does Ravi receive?Solution
ATQ,
Increased investment of Ravi = 6000 Ă— 1.30 = Rs. 7,800
Increased investment of Kunal = 7200 + 1800 = Rs. 9,000
So, respective ratio of profit shares of Ravi and Kunal =
(6000 Ă— 6 + 7800 Ă— 6):(7200 Ă— 6 + 9000 Ă— 6)
= (36000 + 46800):(43200 + 54000)
= 82800:97200
= 23:27
So, proportion of profit share of Ravi out of total profit = 23 Ă· (23 + 27) = 23/50
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