📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      Ravi, Sohan, and Meera started a business with initial

      investments in the ratio 4:6:9 respectively. After one year, Meera, Ravi, and Sohan made additional investments in the ratio 3:4:2 respectively. In this business, Ravi is an active working partner, so 25% of the profit is given to him for managing the business, and the rest is distributed among them in the ratio of their investments. Find the profit share of Ravi out of the total profit of Rs. 3,000 after two years.
      A Rs.1200 Correct Answer Incorrect Answer
      B Rs.1000 Correct Answer Incorrect Answer
      C Rs.1500 Correct Answer Incorrect Answer
      D Rs.1550 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      According to the question: Initial investments of Ravi, Sohan, and Meera: Rs. 4x, Rs. 6x, and Rs. 9x respectively. Additional investments of Meera, Ravi, and Sohan: Rs. 3y, Rs. 4y, and Rs. 2y respectively. Ratio of their profits: (4x + 4y):(6x + 2y):(9x + 3y) = (8x + 4y):(12x + 2y):(18x + 3y) Profit share of Ravi for being an active working partner = 0.25 × 3000 = Rs. 750 Profit share of Ravi for his investment = 0.75 × 3000 × (8x + 4y)/(38x + 9y) = Rs. 750 Total amount of profit received by Ravi = 750 + 750 = Rs.1500

      Practice Next
      More Partnership Questions

      Relevant for Exams:

      ask-question