Question
Ankush and Binny began a business
where Ankush contributed 75% of the total capital. Four months later, Chintu joined the business, and at that point, Ankush's contribution became 50% of the total capital invested by all three partners. If Chintu’s share of the total profit at the end of the year is Rs. 6000, calculate the combined profit share of Ankush and Binny.Solution
ATQ, Let, the sum invested by ‘Ankush’ and ‘Binny’ together be 4s Therefore, sum invested by ‘Ankush’ = 0.75 × 4s = Rs. 3s Sum invested by ‘Binny’ = Rs. s Total sum invested by ‘Ankush’, ‘Binny’ and ‘Chintu’ = 3s/0.5 = Rs. 6s Therefore, sum invested by ‘Chintu’ = 6s – 3s – s = Rs. 2s Ratio of profit received by ‘Ankush’, ‘Binny’ and ‘Chintu’ = (3s × 12):(s × 12):(2s × 8) = 9:3:4 Therefore, profit share of ‘Ankush’ and ‘Binny’, together = 6000 × (12/4) = Rs.18000
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