Question
Suresh and Ramesh entered into a partnership. Suresh
invested Rs. 2,400 more than Ramesh and withdrew his amount after 10 months. If the profit sharing ratio was 13:15, then what was the investment made by Suresh?Solution
ATQ,
Let Ramesh’s investment be Rs. a
Suresh’s investment = a + 2400
Profit ratio = [(a + 2400) × 10] : [a × 12] = (5a + 12000) : 6a
ATQ,
(5a + 12000) : 6a = 13 : 15
⇒ 15 × (5a + 12000) = 13 × 6a
⇒ 75a + 180000 = 78a
⇒ 3a = 180000
⇒ a = 60000
Investment of Suresh = 60000 + 2400 = Rs. 62,400
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