📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    ‘J’, ‘K’, and ‘L’ started a business with

    initial investments of Rs. ‘5x + 700’, Rs. ‘6x + 600’, and Rs. ‘3x + 400’ respectively. After 1 year, ‘J’ invested Rs. 250 more, ‘K’ added Rs. 300 more, and ‘L’ invested Rs. 200 more. If the total profit earned at the end of 2 years is Rs. 16800, find the profit share of ‘K’.
    A Rs.8000 Correct Answer Incorrect Answer
    B Rs.5600 Correct Answer Incorrect Answer
    C Rs.7200 Correct Answer Incorrect Answer
    D Rs.8500 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ, Ratio of profit share of ‘J’, ‘K’, and ‘L’, respectively = [(5x + 700) × 2 + 250]:[(6x + 600) × 2 + 300]:[(3x + 400) × 2 + 200] = (5x + 700 + 125):(6x + 600 + 150):(3x + 400 + 100) = (5x + 825):(6x + 750):(3x + 500) Desired profit = (6x + 750)/(14x + 2075) × 16800 = 6/14 × 16800 = Rs. 7200

    Practice Next
    More Partnership Questions
    ask-question