Question
Neil and Nitin start a business by investing ₹12,000
and ₹ y , respectively. Mukesh joins the venture after 9 months by investing ₹(12,000 + y). At the end of one year, the profit shares of Neil and Mukesh are distributed in the ratio of 8:5. Determine the ratio of the profit shares of Neil, Nitin, and Mukesh in that order.Solution
Ratio of profit shares of Neil, Nitin and Mukesh respectively: = (12000 X 12) :(y X 12) :{(12000 + y) X 3} = 48000:4y:(12000 + y) ATQ, {48000 ÷ (12000 + y) } = (8/5) Or, 30,000 - 12,000 = 'y' So, 'y' = 18,000 Therefore, ratio of profit shares of Neil, Nitin and Mukesh respectively: = (12000 X 12) :(18000 X 12) :{(12000 + 18000) X 3} = (12000 X 12) :(18,000 X 12) :{30,000 X 3} = 8:12:5
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