LIVE Course for free

Rated by 1 million+ students
Get app now
0 votes
24 views
in Profit and Loss by (59.8k points)
closed by
A and B invested Rs. 7000 and Rs. 8000 in a firm. If the total profit after 2 years is Rs. 56,000 then, find the profit of B (approx).
1. Rs. 28,545
2. Rs. 27,396
3. Rs. 29,867
4. Rs. 28,934

1 Answer

0 votes
by (117k points)
selected by
 
Best answer
Correct Answer - Option 3 : Rs. 29,867

Given

A invested Rs.7.000

B invested Rs.8,000

Total profit after 2 Years = Rs.56,000

Concept used

The ratio of profit share is same as the ratio of the investment

Calculation

Ratio of invested by A and B

⇒ A : B = 7000 : 8000 

⇒ A : B = 7 : 8

Profit is also share in the same ratio as the investment ratio

⇒ A : B = 7 : 8

 7x + 8x = 56000

⇒ 15x = 56000

⇒ x = 3733.33

Profit of B = 8 × 3733.33

⇒  Rs. 29,866.66 ≈ Rs. 29,867

∴ The profit of B (approx) is Rs. 29,867.

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...