Question
'A', 'B' and 'C' started a business by investing amounts in the ratio 5:6:8, respectively. Six months later, 'A' increased his investment by 20%, 'B' doubled his investment, and 'C' withdrew Rs. 'x' such that his remaining investment became half. If at the end of the year, the profit share of 'C' was Rs. 3,600, then find the total profit earned by the business.
Solution
Let the amount invested by 'A', 'B' and 'C' be Rs. '5x', Rs. '6x' and Rs. '8x', respectively. Ratio of profit shares of 'A', 'B' and 'C' = {(5x X 6) + (6x X 6)}:{(6x X 6) + (12x X 6)}:{(8x X 6) + (4x X 6)} = (30x + 36x):(36x + 72x):(48x + 24x) = 66x:108x:72x = 11:18:12 So, total profit earned by the business = 3600 X (41/12) = Rs. 12,300
More Partnership Questions
- Amy and Ben started a business partnership, with Amy investing Rs. x and Ben investing Rs. (x + 6000). After one year, Chris joined the partnership with an...
- 'A' and 'B' started a business by investing Rs. 6,000 and Rs. 8,000, respectively. If 'A' and 'B' invested their investments for 9 months and 15 months, re...
- βAβ and βBβ started a business by investing Rs. 2000 and Rs. 2400, respectively. 12 months later, βCβ joined the business by investing Rs. 1000. After 6 mo...
- A and B entered into a business investing their capital in the ratio of 10:22, respectively and the respective ratio of time for which they made their inve...
- P started a business with an investment of Rs.9000, after 6 months Q joined him with Rs.12000 and after another 6 months R joined them with Rs.15000. If af...
- βRinaβ and βMeenaβ invested Rs. 1,800 and Rs. 3,000 respectively in a startup. After 15 months, Rina increased her capital by 50% while Meena decreased her...
- A and B started a retail store with initial investments in the ratio 7:8 and their annual profits were in the ratio 2:3. If A invested the money for 8 mont...
- A, B and C hired a taxi for Rs. 880 and used it for 2, 3, 5 hours respectively. Hiring charges paid by B are:
- A and B entered into a partnership by investing Rs.(x+250) and Rs.(x+550) respectively. After 8 months, A increased his investment by Rs.300 and B left the...
- 'Ajay' and 'Bheem' entered in a partnership such that sum invested by 'Ajay' is 25% more than that by 'Bheem' while 'Bheem' invested his sum for 25% less t...