Question

Kunal and khyati invest Rs. 87,500 and Rs. 131,250 respectively in their business. For the 75% of profit earned they decided to split it according to the ratio of the investments made. And the rest profit is to be divided equally. If difference between profits earned by them when profit is divided according to the ratio of investment is Rs. 2500 then find the profit earned by khyati. 

1. Rs. 7550
2. Rs. 7187.5
3. Rs. 22500
4. Rs. 8750
5. Rs. 5650

Answer 1

Correct Answer - Option 2 : Rs. 7187.5

Given:

Kunal = Rs. 87500 invested

Khyati = Rs. 131,250 invested

Difference between profits = Rs. 2500

Formula used:

Profit earned in Rs. = Profit earned in % × investment

Earnings – Expenditure = Profit earned

Calculation:

Ratio of their investments = 87500 : 131250

⇒ Ratio of their investments = 1 : 1.5

⇒ Ratio of their investments = 2 : 3

Now 1 unit = Rs. 2500 (∵ 3 – 2 = 1 unit)

Total profit = 2500 × 5 = 12500

25% of profit is to be divided equally hence, 75% would be according to capital invested

⇒ 75% of profit = 12500 × 75/100 = 9375

⇒ 25% of profit = 12500 × 25/100 = 3125

⇒ Profit Share of khyati = (9375 × 3/5 ) + (3125/2)

⇒ Total profit earned by Khyati = Rs. 7187.5