Question

Hitesth and Rahul started  a business with the investment of Rs. 91,000 from which Hitesh invested 2/7th  of money. After end of 4^th year, Rahul wants to leave with him investment and part of profit. How much money will get the Rahul if company making the profit of Rs. 11,375 Rs. Per year ?

1. Rs. 97,500
2. Rs. 90,000
3. Rs. 65,000
4. Rs. 32,500
5. None of these 

Answer 1

Correct Answer - Option 1 : Rs. 97,500

Given that:

Total investment = Rs. 91,000

Total profit company made in 4 year = 11,375 × 4 = Rs. 45,500

Formula:

Ratio of profit is depend on amount of investment and time period

Profit = money × time period

Calculation:

Amount invested by Hitesh = 2/7th of 91,000 = 91000 × 2 / 7 = Rs. 26,000

Amount invested by Rahul = 91,000 – 26,000 = Rs. 65,000

Profit of Rahul of  4 years = ( 100 – 28.56 ) % of Rs. 45,500

⇒ ( 5 / 7 ) × 45,500 = Rs. 32,500

⇒ Amount of Rahul = 65,000 + 32,500 = Rs. 97,500 

∴ The amount of Rahul Rs. 97,500