Question
‘Nikhil’ and ‘Amit’ started a firm with investments of Rs. 2,800 and Rs. 4,200 respectively. After 16 months, Nikhil increased his amount by 25%, and Amit reduced his by Rs. 1,000. If they made Rs. 8,000 profit in 3 years, what’s the difference in their shares?
Solution
ATQ,
Increased investment of ‘Nikhil’ = 2800 × 1.25 = Rs. 3,500
Decreased investment of ‘Amit’ = 4200 – 1000 = Rs. 3,200
Ratio = (2800 × 16 + 3500 × 20):(4200 × 16 + 3200 × 20) = 134.0:150.4 = 335:376
Difference = 8000 × {(376 – 335) ÷ (376 + 335)} = Rs. 456
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