Question

Reshmi and Rahul invested Rs. 6000 and Rs. 8000 in a business for 6 months and 8 months respectively. Rahul being an working partner earned 23/4% profit out of a total profit of Rs. 36000 and after this the rest of the profit was divided according to their inevestments. What is Rahul's profit amount?

1. 24780.30
2. 23785.20
3. 23885.20
4. 27785.20
5. None of these

Answer 1

Correct Answer - Option 2 : 23785.20

Given:

Invest amount of Reshmi = Rs. 6000

Invest amount of Rahul = Rs. 8000

Time of investment of Reshmi and Rahul are 6 and 8 months respectively.

Calculation:

Investment ratio b/w Reshmi and Rahul = (6000 × 6) : (8000 × 8) = 9 : 16

Rahul got for being the working partner = [(23/4)/100] × 36000 = 2070

∴ Remaining profit = (36000 ─ 2070) = 33930

∴ Rahul's share = 33930 × 16/25 = 21715.20

Rahul's total profit amount = 21715.20 + 2070 = Rs. 23785.20