Question

Raman started business with Rs. 8000 and after 3 months Lakhan joined the business with some amount. After a year, the profit is divided in the ratio 32 : 21. Find the contribution of Lakhan in the business.
1. Rs. 6000
2. Rs. 9000
3. Rs. 7500
4. Rs. 7000
5. Rs. 8500

Answer 1

Correct Answer - Option 4 : Rs. 7000

Given:

Raman started a business with Rs. 8000

Lakhan joined after 3 months

After a year, the profit is divided in the ratio 32 : 21

Calculation:

Let Lakhan join with x Rs

Lakhan joined after 3 months so he joined for 9 months

∴ (8000 × 12)/(x × 9) = 32/21

X = (8000 × 12 × 21)/(32 × 9)

X = Rs. 7000