Correct Answer - Option 1 : Rs .174000
Given:
Anand, Balu, and Charan entered into a partnership by investing Rs. 30000, Rs. 25000 and Rs. 40000 respectively.
After 4 months, Anand withdraws 2/5th of the amount, and Balu invested Rs. 15000 more.
After 3 more months, Charan withdraws 3/5th of the amount.
Concept used:
The profit will be shared among people in the ratio of the product of their investment and time.
Calculation:
Share of Anand ∶ Share of Balu ∶ Share of Charan
⇒ [30000 × 4 + 30000 × (3/5) × 8] ∶ [25000 × 4 + 40000 × 8] ∶ [40000 × 7 + 40000 × (2/5) × 5]
⇒ 264000 ∶ 420000 ∶ 360000
⇒ 22 ∶ 35 ∶ 30
Let total profit be 87x
Share of Balu = 35x/87
⇒ 35x/87 = 70000
⇒ x = 174000
∴ Total profit is Rs. 174000.