Question
X and Y invested Rs. 48,000 and Rs. 36,000 respectively in
a business. After 4 months, Z joined them with an investment of Rs. 30,000. If the annual profit is Rs. 27,000, what is the profit share of Y?Solution
ATQ,
Ratio of profit shares of X, Y and Z:
= (48000 Ă— 12) : (36000 Ă— 12) : (30000 Ă— 8)
= 576000 : 432000 : 240000
= 24 : 18 : 10
Total parts = 24 + 18 + 10 = 52
Required profit = 27000 Ă— (18 / 52) = Rs.9,346.15
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