Question
Amit started a business by investing Rs. 60,000. After 4
months, Harish joined him with a capital of Rs. 48,000. At the end of the years Harish received Rs. 2800 as profit. What is the total profit at the end of the year?Solution
Ratio of Amit’s profit to Harish’s profit = 60 × 12 : 48 × 8 = 15 : 8 Now, lets Amit’s profit be 15x and that of Harish be 8x. Given, 8x = 2800 x = 350 ∴ Total profit = 15x + 8x = 23x = 23 × 350 = 8050
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