#1. Three partners shared the profit in a business in the ratio 5 : 7 : 8. They had partnered for 14 months, 8 months and 7 months respectively. What was the ratio of their investments?
A. 5 : 7 : 8
B. 5 : 16 : 16
C. 38 : 28 : 21
D. None of these
Answer: Option B Solution: To determine the ratio of their investments, we need to use the concept that the profit-sharing ratio is based on the product of the amount of investment and the duration for which the investment is made.
Let the investments of the three partners be \(I_1\), \(I_2\), and \(I_3\) respectively, and the time durations for which they invested are 14 months, 8 months, and 7 months, respectively.
The formula for the share of each partner in the profit is:
\[ \text{Share of Partner} = \text{Investment} \times \text{Time duration} \]
We are given that the profit-sharing ratio is 5:7:8, which means:
Thus, the overall ratio of \(I_1 : I_2 : I_3\) is:
\[ I_1 : I_2 : I_3 = 5 : 16 : 16 \]
Final Answer: The ratio of their investments is 5 : 16 : 16.
#2. Three partners A , B , C start a business . B’s Capital is four times C’s capital and twice A’s capital is equal to thrice B’s capital . If the total profit is Rs 16500 at the end of a year ,Find out B’s share in it:
A. Rs. 4000
B. Rs. 5000
C. Rs. 6000
D. Rs. 7000
Answer: Option C Solution: Let’s denote the capital of each partner as follows:
– Let \( A \)’s capital be \( x \). – Let \( B \)’s capital be \( y \). – Let \( C \)’s capital be \( z \).
From the given information:
1. **B’s capital is four times C’s capital**: \[ y = 4z \]
2. **Twice A’s capital is equal to thrice B’s capital**: \[ 2x = 3y \] Substituting \( y = 4z \) into this equation: \[ 2x = 3 \times 4z = 12z \] So, \( x = 6z \).
Step 1: Express the capitals in terms of \( z \) Now, we have:
– \( A \)’s capital = \( x = 6z \), – \( B \)’s capital = \( y = 4z \), – \( C \)’s capital = \( z \).
Step 2: Calculate the total capital invested The total capital invested by the three partners is:
\[ \text{Total capital} = x + y + z = 6z + 4z + z = 11z \]
Step 3: Calculate B’s share in the profit The profit is divided in proportion to the capital invested. Therefore, B’s share in the profit will be the ratio of B’s capital to the total capital:
#3. Kamal started a business investing Rs. 9000. After five months, Sameer joined with a capital of Rs 8000. If at the end of the year, they earn a profit of Rs. 6970, then what will be the share of Sameer in the profit ?
A. Rs. 2380
B. Rs. 2300
C. Rs. 2280
D. Rs. 2260
Answer: Option A Solution: To solve this, we need to calculate the ratio of their investments and the duration of their investments, and then use that to determine Sameer’s share of the profit.
Step 1: Determine the capital and duration for each partner
– Kamal’s investment: Kamal invested Rs. 9000 for the entire year (12 months). – Sameer’s investment: Sameer invested Rs. 8000, but he joined after 5 months, so his investment was for 7 months (12 months – 5 months).
Step 2: Calculate the “capital months” for each partner
The capital months are calculated by multiplying the amount of capital by the number of months it was invested.
– Kamal’s capital months: \( 9000 \times 12 = 108000 \) capital months. – Sameer’s capital months: \( 8000 \times 7 = 56000 \) capital months.
Step 3: Calculate the ratio of their investments
The ratio of Kamal’s and Sameer’s investment in terms of capital months is:
\[ \text{Ratio of Kamal’s to Sameer’s investment} = \frac{108000}{56000} = \frac{108}{56} = \frac{27}{14} \]
Step 4: Calculate Sameer’s share in the profit
The total profit is Rs. 6970. The total ratio of investment between Kamal and Sameer is \( 27:14 \).
Final Answer: Sameer’s share in the profit is Rs. 2380.
#4. P and Q invested in a business. The profit earned was divided in the ratio 2 : 3. If P invested Rs 40000, the amount invested by Q is
A. Rs. 40000
B. Rs. 50000
C. Rs. 60000
D. Rs. 70000
Answer: Option C Solution: The profit ratio between P and Q is given as 2:3. This means that for every 2 parts of profit that P receives, Q receives 3 parts.
Let the amount invested by Q be \( x \).
According to the ratio of profit and the fact that the profit is divided in proportion to the amounts invested, we can set up the following equation:
\[ \frac{\text{Investment by P}}{\text{Investment by Q}} = \frac{\text{Profit ratio of P}}{\text{Profit ratio of Q}} \]
Substitute the given values:
\[ \frac{40000}{x} = \frac{2}{3} \]
Now, solve for \( x \):
\[ 40000 \times 3 = 2 \times x \]
\[ 120000 = 2x \]
\[ x = \frac{120000}{2} \]
\[ x = 60000 \]
So, the amount invested by Q is Rs 60,000.
#5. If 4 (P’s Capital ) = 6 ( Q’s Capital ) = 10 ( R’s Capital ), then out of the total profit of Rs. 4650 , R will receive:
A. Rs. 600
B. Rs. 700
C. Rs. 800
D. Rs. 900
Answer: Option D Solution: We are given the following information:
– 4 times P’s capital = 6 times Q’s capital = 10 times R’s capital – Total profit = Rs. 4650
Let the capitals of P, Q, and R be represented as \( P \), \( Q \), and \( R \) respectively. Based on the given condition:
\[ 4P = 6Q = 10R \]
We can assume a common factor \( k \) such that:
\[ P = \frac{k}{4}, \quad Q = \frac{k}{6}, \quad R = \frac{k}{10} \]
Now, to find the ratio of the capitals, we need to express the capitals in terms of a common multiple. We take the least common multiple (LCM) of 4, 6, and 10, which is 60.
So, let the actual capitals be:
\[ P = \frac{60}{4} = 15, \quad Q = \frac{60}{6} = 10, \quad R = \frac{60}{10} = 6 \]
The total capital ratio is:
\[ P : Q : R = 15 : 10 : 6 \]
Now, let’s calculate the total capital:
\[ 15 + 10 + 6 = 31 \]
The total profit is Rs. 4650, and R’s share of the profit will be in the same ratio as R’s capital. The portion of the total profit that R will receive is:
So, R will receive Rs. 900 out of the total profit.
#6. A, B, C rent a pasture. A puts 10 oxen for 7 months, B puts 12 oxen for 5 months and C puts 15 oxen for 3 months for grazing. If the rent of the pasture is Rs. 175, how much must C pay as his share of rent?
A. Rs. 40
B. Rs. 30
C. Rs. 45
D. Rs. 50
Answer: Option C Solution: To solve this, let’s calculate the total number of oxen-months contributed by each person. The oxen-months represent the total contribution of each person, considering the number of oxen they put and the duration of time they kept them in the pasture.
Step 1: Calculate the total oxen-months contributed by each person.
– A puts 10 oxen for 7 months, so A’s contribution is: \[ 10 \times 7 = 70 \text{ oxen-months} \]
– B puts 12 oxen for 5 months, so B’s contribution is: \[ 12 \times 5 = 60 \text{ oxen-months} \]
– C puts 15 oxen for 3 months, so C’s contribution is: \[ 15 \times 3 = 45 \text{ oxen-months} \]
Step 2: Calculate the total oxen-months.
Now, add up the contributions from all three:
\[ 70 + 60 + 45 = 175 \text{ oxen-months} \]
Step 3: Calculate C’s share of the rent.
The total rent is Rs. 175, and C’s share of the total oxen-months is 45 out of 175. So, C’s share of the rent is:
Thus, C must pay Rs. 45 as their share of the rent.
#7. In a business, A and C invested amounts in the ratio 2 : 1 , whereas the ratio between amounts invested by A and B was 3 : 2 . If Rs. 157300 was their profit, how much amount did B receive?
A. Rs. 48000
B. Rs. 48200
C. Rs. 48400
D. Rs. 48600
Answer: Option C Solution: We are given the following ratios:
– The ratio of A’s and C’s investment is 2:1. – The ratio of A’s and B’s investment is 3:2.
We need to find how much B received out of the total profit of Rs. 157,300.
Step 1: Express the investments of A, B, and C in terms of a common variable.
Let’s assume that:
– The amount invested by A is \( 2x \) (since A and C’s investment ratio is 2:1, we can represent A’s investment as 2 parts and C’s investment as 1 part). – The amount invested by C is \( x \). – From the ratio of A’s and B’s investment (3:2), we can express B’s investment as \( \frac{2}{3} \times 2x = \frac{4x}{3} \).
Step 2: Calculate the total investment.
Now, we add the investments of A, B, and C:
\[ \text{Total investment} = 2x + \frac{4x}{3} + x \]
To simplify, find a common denominator (which is 3):
The total profit is Rs. 157,300, and the profit will be distributed in the same ratio as the investments of A, B, and C. The ratio of their investments is:
\[ A : B : C = 2x : \frac{4x}{3} : x \]
To simplify this, multiply each term by 3 to eliminate the fraction:
\[ A : B : C = 6x : 4x : 3x \]
Thus, the ratio of their investments is 6:4:3.
Step 4: Calculate B’s share of the profit.
Now, the total profit of Rs. 157,300 will be divided in the ratio 6:4:3. The total parts are:
Thus, B will receive Rs. 48,400 from the total profit.
#8. A and B started a business in partnership investing Rs. 20,000 and Rs. 15,000 respectively. After six months, C joined them with Rs. 20,000. What will be B’s share in total profit of Rs. 25,000 earned at the end of 2 years from the starting of the business?
A. Rs. 7500
B. Rs. 9000
C. Rs. 9500
D. Rs. 10,000
Answer: Option A Solution: We are given the following details:
– A’s investment = Rs. 20,000 – B’s investment = Rs. 15,000 – C’s investment = Rs. 20,000 (joined after 6 months) – Total profit = Rs. 25,000 – The business runs for 2 years (24 months).
Step 1: Calculate the “capital-months” for each partner.
Capital-months represent the amount of money invested by each partner, multiplied by the number of months their money was invested.
C’s capital-months: – C invested Rs. 20,000, but only after 6 months. So C invested for 18 months. \[ C’s \, capital-months = 20,000 \times 18 = 360,000 \]
Step 2: Calculate the total capital-months.
The total capital-months is the sum of A’s, B’s, and C’s capital-months:
The profit is divided in the ratio of the capital-months. The total capital-months is 1,200,000, and B’s share of the capital-months is 360,000. So, B’s share of the total profit is:
#9. P, Q, R enter into a partnership. P initially invests 25 lakh & adds another 10 lakhs after one year. Q initially invests 35 lakh & withdrawal 10 lakh after 2 years and R invests Rs 30 Lakhs . In what ratio should the profit be divided at the end of 3 years?
A. 18 : 19 : 19
B. 18 : 18 : 19
C. 19 : 19 : 18
D. 18 : 19 : 18
Answer: Option C Solution: To determine the profit-sharing ratio, we need to calculate the “capital-months” for each partner based on their investments and the duration for which they kept their money in the partnership.
Step 1: Calculate the capital-months for each partner.
P’s capital-months: – P initially invests Rs. 25 lakh for 12 months (first year). – P adds another Rs. 10 lakh after one year, making the total investment Rs. 35 lakh for the remaining 24 months (second and third years).
Q’s capital-months: – Q initially invests Rs. 35 lakh for 24 months (since Q withdrew Rs. 10 lakh after 2 years, this means Q kept Rs. 35 lakh invested for 2 years and Rs. 25 lakh for the remaining year).
Now, we add the capital-months for all three partners: \[ \text{Total capital-months} = 1140 \, (\text{P’s}) + 1140 \, (\text{Q’s}) + 1080 \, (\text{R’s}) = 3360 \, \text{lakh-months} \]
Step 3: Determine the ratio of profit distribution.
The profit should be divided in the ratio of their capital-months. So, the ratio of P’s, Q’s, and R’s capital-months is: \[ \text{P : Q : R} = 1140 : 1140 : 1080 \]
Thus, the profit should be divided in the ratio 19 : 19 : 18 between P, Q, and R, respectively.
#10. A, B, C subscribe Rs. 50,000 for a business. A subscribes Rs. 4000 more than B and B Rs. 5000 more than C. Out of a total profit of Rs. 35,000, A receives:
A. Rs. 8400
B. Rs. 11,900
C. Rs. 13,600
D. Rs. 14,700
Answer: Option D Solution: We are given the following information:
– The total amount subscribed is Rs. 50,000. – A subscribes Rs. 4,000 more than B, and B subscribes Rs. 5,000 more than C. – The total profit is Rs. 35,000. – We need to find A’s share of the profit.
Step 1: Let C’s subscription be \( x \).
Given that B subscribes Rs. 5,000 more than C, we can express B’s subscription as \( x + 5000 \).
Also, A subscribes Rs. 4,000 more than B, so A’s subscription can be expressed as \( (x + 5000) + 4000 = x + 9000 \).
Step 2: Write the total subscription equation.
The total subscription is Rs. 50,000, so we can write the equation: \[ A + B + C = 50,000 \] Substitute the expressions for A and B: \[ (x + 9000) + (x + 5000) + x = 50,000 \] Simplify the equation: \[ 3x + 14,000 = 50,000 \] Solve for \( x \): \[ 3x = 50,000 – 14,000 = 36,000 \] \[ x = \frac{36,000}{3} = 12,000 \]
The total capital subscribed is: \[ A + B + C = 21,000 + 17,000 + 12,000 = 50,000 \] This matches the given total subscription.
Step 5: Find A’s share of the profit.
The total profit is Rs. 35,000. A’s share of the profit will be in the same ratio as A’s subscription to the total subscription. So, A’s share is: \[ \text{A’s share} = \frac{21,000}{50,000} \times 35,000 \] \[ \text{A’s share} = \frac{21,000 \times 35,000}{50,000} = \frac{735,000,000}{50,000} = 14,700 \]
Thus, A receives Rs. 14,700 out of the total profit.
#11. A and B invest in a business in the ratio 3 : 2. If 5% of the total profit goes to charity and A’s share is Rs. 855, the total profit is:
A. Rs. 1425
B. Rs. 1500
C. Rs. 1537.50
D. Rs. 1576
Answer: Option B Solution: To solve this, let’s break it down step by step:
Given: – The ratio of A’s investment to B’s investment is 3:2. – 5% of the total profit is donated to charity. – A’s share of the profit is Rs. 855.
Let the total profit be \( P \).
1. Profit distribution between A and B: Since A and B invested in the ratio of 3:2, the total profit (after charity) will be divided in this ratio.
2. Charity deduction: 5% of the total profit goes to charity. Therefore, the remaining 95% of the total profit is available for A and B to share.
So, the amount available for A and B = \( 0.95 \times P \).
3. Share of A and B: In the ratio 3:2, A’s share is \( \frac{3}{5} \) of the remaining profit, and B’s share is \( \frac{2}{5} \).
4. A’s share given: It’s given that A’s share is Rs. 855. So, we can set up the equation:
\[ \frac{3}{5} \times 0.95 \times P = 855 \]
5. Solve for \( P \):
\[ \frac{3}{5} \times 0.95 \times P = 855 \]
\[ 0.57 \times P = 855 \]
\[ P = \frac{855}{0.57} \]
\[ P = 1500 \]
Conclusion: The total profit is Rs. 1500.
#12. A, B and C jointly thought of engaging themselves in a business venture. It was agreed that A would invest Rs. 6500 for 6 months, B, Rs. 8400 for 5 months and C, Rs. 10,000 for 3 months. A wants to be the working member for which, he was to receive 5% of the profits. The profit earned was Rs. 7400. Calculate the share of B in the profit:
A. Rs. 1900
B. Rs. 2660
C. Rs. 2800
D. Rs. 2840
Answer: Option B Solution: To calculate the share of B in the profit, we need to follow a few steps:
Given: – A’s investment: Rs. 6500 for 6 months – B’s investment: Rs. 8400 for 5 months – C’s investment: Rs. 10,000 for 3 months – Total profit: Rs. 7400 – A gets 5% of the total profit for being the working member.
Step 1: Calculate A’s share for being the working member A is the working member, so he will receive 5% of the total profit of Rs. 7400.
A’s working share = 5% of 7400 = \( \frac{5}{100} \times 7400 = 370 \)
Step 2: Deduct A’s working share from the total profit The remaining profit to be distributed between A, B, and C based on their investments is:
Remaining profit = Total profit – A’s working share \[ \text{Remaining profit} = 7400 – 370 = 7030 \]
Step 3: Calculate the ratio of investments Now, we calculate the effective investment for each person, considering both the amount and the duration of their investment.
Step 5: Conclusion Therefore, B’s share of the profit is Rs. 2640.
#13. A, B, C subscribe Rs. 5,00,000 for a business. A subscribes Rs. 40,000 more than B and B Rs. 50,000 more than C. Out of a total profit of Rs. 3,50,000 A receives:
A. Rs. 84,000
B. Rs. 1,19,000
C. Rs. 1,36,000
D. Rs. 1,47,000
Answer: Option D Solution: Let’s break down the problem step by step.
Given: – Total subscription = Rs. 5,00,000 – A subscribes Rs. 40,000 more than B – B subscribes Rs. 50,000 more than C – Total profit = Rs. 3,50,000 – We need to find out how much A receives from the profit.
Step 1: Set up the subscription amounts Let C’s subscription be \( x \).
– B subscribes Rs. 50,000 more than C, so B’s subscription = \( x + 50,000 \). – A subscribes Rs. 40,000 more than B, so A’s subscription = \( (x + 50,000) + 40,000 = x + 90,000 \).
The total subscription is Rs. 5,00,000, so: \[ A + B + C = 5,00,000 \] Substitute the values for A and B: \[ (x + 90,000) + (x + 50,000) + x = 5,00,000 \] Simplifying: \[ 3x + 140,000 = 5,00,000 \] \[ 3x = 5,00,000 – 140,000 = 3,60,000 \] \[ x = \frac{3,60,000}{3} = 1,20,000 \]
Step 3: Calculate the ratio of profit distribution The profit will be divided according to the subscription amounts: – A’s subscription = Rs. 2,10,000 – B’s subscription = Rs. 1,70,000 – C’s subscription = Rs. 1,20,000
Total subscription = Rs. 5,00,000, and the total profit = Rs. 3,50,000.
Step 4: Find A’s share of the profit A’s share in the profit will be based on the ratio of A’s subscription to the total subscription: \[ A’s\ share = \frac{2,10,000}{5,00,000} \times 3,50,000 \] \[ A’s\ share = \frac{2,10,000}{5,00,000} \times 3,50,000 = 1,47,000 \]
Conclusion: A will receive Rs. 1,47,000 from the total profit.
#14. Three partners shared the profit in a business in the ratio 5 : 7 : 8. They had partnered for 14 months, 8 months and 7 months respectively. What was the ratio of their investments?
A. 5 : 7 : 8
B. 5 : 4 : 4
C. 38 : 28 : 21
D. None of these
Answer: Option B Solution: To calculate the ratio of their investments, we can use the formula for profit sharing, which depends on both the amount of investment and the time for which the investment is made.
Given: – The profit-sharing ratio is 5:7:8. – Partner 1 (A) was invested for 14 months. – Partner 2 (B) was invested for 8 months. – Partner 3 (C) was invested for 7 months.
Step 1: The ratio of the profits is based on the product of investment and time. So, the investment of each partner can be represented as:
Step 3: Ratio of investments: The ratio of their investments is: \[ \text{A : B : C} = 70 : 56 : 56 \]
Step 4: Simplify the ratio: We can simplify the ratio by dividing all terms by the greatest common divisor (GCD) of 70, 56, and 56, which is 14: \[ \frac{70}{14} : \frac{56}{14} : \frac{56}{14} = 5 : 4 : 4 \]
Conclusion: The ratio of their investments is 5 : 4 : 4.
#15. A starts business with Rs. 3500 and after 5 months, B joins with A as his partner. After a year, the profit is divided in the ratio 2 : 3. What is B’s contribution in the capital?
A. Rs. 7500
B. Rs. 8000
C. Rs. 8500
D. Rs. 9000
Answer: Option D Solution: To solve this, we need to determine B’s contribution to the capital based on the profit-sharing ratio and the investment period.
Given: – A starts the business with Rs. 3500 and continues for the full year (12 months). – B joins after 5 months, meaning B is involved for 7 months (since 12 – 5 = 7 months). – The profit-sharing ratio is 2:3 (A’s share : B’s share). – We need to find B’s contribution to the capital.
Step 1: Let B’s contribution be \( x \). We need to calculate the capital of B, denoted as \( x \).
Step 2: Determine the amount of money each partner invested over time. – A’s total investment (since A invested for 12 months) = \( 3500 \times 12 = 42,000 \). – B’s total investment (since B invested for 7 months) = \( x \times 7 \).
Step 3: Profit-sharing ratio is based on the product of capital and time. – The ratio of the capital contributions, considering both the amount invested and the duration for which it was invested, should match the profit-sharing ratio (2:3).
So, the capital-time ratio for A and B is:
\[ \frac{A’s\ capital \times time}{B’s\ capital \times time} = \frac{2}{3} \]
Substitute the values: \[ \frac{42,000}{x \times 7} = \frac{2}{3} \]
Step 4: Solve for \( x \). \[ \frac{42,000}{7x} = \frac{2}{3} \]
Conclusion: B’s contribution to the capital is Rs. 9,000.
#16. A and B started a partnership business investing some amount in the ratio of 3 : 5. C joined then after six months with an amount equal to that of B. In what proportion should the profit at the end of one year be distributed among A, B and C?
A. 3 : 5 : 2
B. 3 : 5 : 5
C. 6 : 10 : 5
D. Data inadequate
Answer: Option C Solution: To determine how the profit should be distributed among A, B, and C, we need to consider both the amount of investment and the duration for which each partner invested their money.
Given: – A and B started the business with an investment ratio of 3:5. – C joined after 6 months with an amount equal to B’s investment (so C invested the same amount as B). – The total period considered is 12 months (1 year).
Step 1: Define the investments. Let the investment of A be 3x and the investment of B be 5x.
– A’s investment = \( 3x \) – B’s investment = \( 5x \) – C’s investment = \( 5x \) (C invests the same as B, but joins after 6 months)
Step 2: Calculate the capital-time contribution for each partner. The profit is shared based on the product of the capital invested and the time for which the capital was invested.
A’s contribution: A invests \( 3x \) for the entire year (12 months): \[ A’s\ contribution = 3x \times 12 = 36x \]
B’s contribution: B invests \( 5x \) for the entire year (12 months): \[ B’s\ contribution = 5x \times 12 = 60x \]
C’s contribution: C invests \( 5x \) but only for 6 months (since C joins after 6 months): \[ C’s\ contribution = 5x \times 6 = 30x \]
Step 3: Calculate the total capital-time contributions. Total capital-time contributions: \[ A’s\ total = 36x, \quad B’s\ total = 60x, \quad C’s\ total = 30x \]
Total = \( 36x + 60x + 30x = 126x \).
Step 4: Determine the profit-sharing ratio. The profit-sharing ratio will be based on their respective capital-time contributions: \[ A : B : C = 36x : 60x : 30x \]
Step 5: Simplify the ratio. To simplify, divide each term by \( 6x \): \[ A : B : C = \frac{36x}{6x} : \frac{60x}{6x} : \frac{30x}{6x} = 6 : 10 : 5 \]
Conclusion: The profit should be distributed among A, B, and C in the ratio 6 : 10 : 5.
#17. A, B, C rent a pasture. A puts 10 oxen for 7 months, B puts 12 oxen for 5 months and C puts 15 oxen for 3 months for grazing. If the rent of the pasture is Rs. 175, how much must C pay as his share of rent?
A. Rs. 45
B. Rs. 50
C. Rs. 55
D. Rs. 60
Answer: Option A Solution: To determine how much C should pay as his share of the rent, we need to calculate the total contribution of each person in terms of the oxen-months, which reflects both the number of oxen and the time they were kept in the pasture.
Given: – A puts 10 oxen for 7 months. – B puts 12 oxen for 5 months. – C puts 15 oxen for 3 months. – Total rent = Rs. 175.
Step 1: Calculate the total number of oxen-months for each person. The number of oxen-months is calculated by multiplying the number of oxen by the number of months they were in the pasture.
Step 2: Calculate the total oxen-months. The total number of oxen-months is the sum of the contributions from A, B, and C: \[ \text{Total oxen-months} = 70 + 60 + 45 = 175 \]
Step 3: Calculate C’s share of the total contribution. C’s share of the rent is proportional to C’s contribution (45 oxen-months) out of the total contribution (175 oxen-months).
So, C’s share of the rent is: \[ \text{C’s share} = \frac{45}{175} \times 175 = 45 \]
Conclusion: C must pay Rs. 45 as his share of the rent.
#18. A and B started a business in partnership investing Rs. 20,000 and Rs. 15,000 respectively. After six months, C joined them with Rs. 20,000. What will be B’s share in total profit of Rs. 25,000 earned at the end of 2 years from the starting of the business?
A. Rs. 7500
B. Rs. 9000
C. Rs. 9500
D. Rs. 10,000
Answer: Option A Solution: To calculate B’s share in the total profit, we need to consider the amount of capital invested by each partner and the time for which they invested their capital.
Given: – A invests Rs. 20,000 for 2 years. – B invests Rs. 15,000 for 2 years. – C invests Rs. 20,000 but joins after 6 months, meaning C’s capital is invested for 1.5 years. – The total profit earned at the end of 2 years is Rs. 25,000. – We need to calculate B’s share in the total profit.
Step 1: Calculate the capital-time contribution for each partner.
The profit is distributed based on the product of the capital and the time it was invested.
A’s capital-time contribution: A invests Rs. 20,000 for 2 years: \[ A’s\ contribution = 20,000 \times 2 = 40,000 \]
B’s capital-time contribution: B invests Rs. 15,000 for 2 years: \[ B’s\ contribution = 15,000 \times 2 = 30,000 \]
C’s capital-time contribution: C invests Rs. 20,000 for 1.5 years (since C joins after 6 months): \[ C’s\ contribution = 20,000 \times 1.5 = 30,000 \]
Step 2: Calculate the total capital-time contributions. Total capital-time contributions: \[ A’s\ total = 40,000, \quad B’s\ total = 30,000, \quad C’s\ total = 30,000 \]
Total = \( 40,000 + 30,000 + 30,000 = 100,000 \).
Step 3: Determine the profit-sharing ratio. The profit will be divided in the ratio of their capital-time contributions: \[ A : B : C = 40,000 : 30,000 : 30,000 \]
Simplify the ratio by dividing each term by 10,000: \[ A : B : C = 4 : 3 : 3 \]
Step 4: Calculate B’s share in the total profit. The total profit is Rs. 25,000, and B’s share of the profit is based on the ratio 3 out of the total 10 parts (since \( 4 + 3 + 3 = 10 \)).
B’s share in the profit: \[ B’s\ share = \frac{3}{10} \times 25,000 = 7,500 \]
Conclusion: B’s share in the total profit is Rs. 7,500.
#19. A began a business with Rs. 85,000. He was joined afterwards by B with Rs. 42,500. For how much period does B join, if the profits at the end of the year are divided in the ratio of 3 : 1?
A. 4 months
B. 5 months
C. 6 months
D. 8 months
Answer: Option D Solution: To solve this, we need to calculate the time for which B joins the business based on the capital contributions and the profit-sharing ratio.
Given: – A invests Rs. 85,000 and remains for the full year (12 months). – B invests Rs. 42,500, but we need to find the time for which B invests, denoted as \( t \) months. – The profit-sharing ratio at the end of the year is 3:1 (A’s share : B’s share).
Step 1: Understand the profit-sharing rule The profits are divided based on the capital-time contributions, i.e., the product of the amount of capital and the time for which it is invested.
So, the profit-sharing ratio between A and B is based on the following:
– A’s capital-time contribution = \( 85,000 \times 12 \) (since A invests for the entire year). – B’s capital-time contribution = \( 42,500 \times t \) (since B invests for \( t \) months).
Step 2: Set up the ratio based on the given profit-sharing ratio The ratio of their capital-time contributions is given by the ratio of their profits, which is 3:1. So: \[ \frac{A’s\ capital-time\ contribution}{B’s\ capital-time\ contribution} = \frac{3}{1} \] Substitute the capital-time contributions: \[ \frac{85,000 \times 12}{42,500 \times t} = \frac{3}{1} \]
Step 3: Solve for \( t \) Now, solve for \( t \):
\[ \frac{85,000 \times 12}{42,500 \times t} = 3 \] \[ 85,000 \times 12 = 3 \times 42,500 \times t \] \[ 1,020,000 = 127,500 \times t \] \[ t = \frac{1,020,000}{127,500} \] \[ t = 8 \]
Conclusion: B must join the business for 8 months for the profit to be divided in the ratio of 3:1.
#20. Aman started a business investing Rs. 70,000. Rakhi joined him after six months with an amount of Rs. 1,05,000 and Sagar joined them with Rs. 1.4 lakhs after another six months. The amount of profit earned should be distributed in what ratio among Aman, Rakhi and Sagar respectively, 3 years after Aman started the business?
A. 7 : 6 : 10
B. 12 : 15 : 16
C. 42 : 45 : 56
D. Cannot be determined
Answer: Option B Solution: Aman : Rakhi : Sagar = (70,000 x 36) : (1,05,000 x 30) : (1,40,000 x 24) = 12 : 15 : 16
#21. Arun, Kamal and Vinay invested Rs. 8000, Rs. 4000 and Rs. 8000 respectively in a business. Arun left after six months. If after eight months, there was a gain of Rs. 4005, then what will be the share of Kamal?
A. Rs. 890
B. Rs. 1335
C. Rs. 1602
D. Rs. 1780
Answer: Option A Solution: To determine Kamal’s share of the profit, we need to calculate the capital-time contributions of each partner. The profit is divided based on these contributions.
Given: – Arun invests Rs. 8,000 for 6 months. – Kamal invests Rs. 4,000 for 8 months. – Vinay invests Rs. 8,000 for 8 months. – The total profit earned after 8 months is Rs. 4,005. – Arun left after 6 months, so his capital was only invested for 6 months.
Step 1: Calculate the capital-time contribution for each partner.
Kamal’s contribution: Kamal invests Rs. 4,000 for the full 8 months. \[ Kamal’s\ contribution = 4,000 \times 8 = 32,000 \]
Vinay’s contribution: Vinay invests Rs. 8,000 for the full 8 months. \[ Vinay’s\ contribution = 8,000 \times 8 = 64,000 \]
Step 2: Total capital-time contribution. The total capital-time contributions of all partners are: \[ Total = 48,000 + 32,000 + 64,000 = 1,44,000 \]
Step 3: Determine Kamal’s share of the profit. The profit-sharing ratio is based on the capital-time contributions. So the ratio of Arun’s, Kamal’s, and Vinay’s contributions is: \[ Arun : Kamal : Vinay = 48,000 : 32,000 : 64,000 \]
Simplify this ratio by dividing each term by 16,000: \[ Arun : Kamal : Vinay = 3 : 2 : 4 \]
Step 4: Calculate Kamal’s share of the total profit. The total profit is Rs. 4,005, and Kamal’s share is based on the ratio 2 out of the total 9 parts (since \( 3 + 2 + 4 = 9 \)).
Kamal’s share in the profit: \[ Kamal’s\ share = \frac{2}{9} \times 4,005 = 890 \]
Conclusion: Kamal’s share of the profit is Rs. 890.
#22. Simran started a software business by investing Rs. 50,000. After six months, Nanda joined her with a capital of Rs. 80,000. After 3 years, they earned a profit of Rs. 24,500. What was Simran’s share in the profit?
A. Rs. 9,423
B. Rs. 10,250
C. Rs. 12,500
D. Rs. 10,500
Answer: Option D Solution: To determine Simran’s share in the profit, we need to calculate the capital-time contributions of both Simran and Nanda. The profit will be divided based on these contributions.
Given: – Simran invests Rs. 50,000 for the full 3 years. – Nanda joins after 6 months with Rs. 80,000. This means Nanda’s capital is invested for 2.5 years (since Nanda joins after 6 months, and the total period is 3 years). – The total profit earned after 3 years is Rs. 24,500.
Step 1: Calculate the capital-time contribution for each partner.
Step 2: Total capital-time contributions. The total capital-time contributions of both Simran and Nanda are: \[ Total = 150,000 + 200,000 = 350,000 \]
Step 3: Determine the profit-sharing ratio. The profit-sharing ratio is based on the capital-time contributions. So the ratio of Simran’s and Nanda’s contributions is: \[ Simran : Nanda = 150,000 : 200,000 \]
Simplify this ratio by dividing each term by 50,000: \[ Simran : Nanda = 3 : 4 \]
Step 4: Calculate Simran’s share in the total profit. The total profit is Rs. 24,500, and Simran’s share is based on the ratio 3 out of the total 7 parts (since \( 3 + 4 = 7 \)).
Simran’s share in the profit: \[ Simran’s\ share = \frac{3}{7} \times 24,500 = 10,500 \]
Conclusion: Simran’s share in the profit is Rs. 10,500.
#23. Sumit and Ravi started a business by investing Rs. 85000 and Rs. 15000 respectively. In what ratio the profit earned after 2 years be divided between Sumit and Ravi respectively.
A. 17 : 1
B. 17 : 2
C. 17 : 3
D. 17 : 4
Answer: Option C Solution: To determine the ratio in which the profit should be divided between Sumit and Ravi, we need to calculate their capital-time contributions. The profit will be distributed based on the product of the amount invested and the time for which it was invested.
Given: – Sumit invests Rs. 85,000 for 2 years. – Ravi invests Rs. 15,000 for 2 years.
Step 1: Calculate the capital-time contribution for each partner.
Ravi’s contribution: Ravi invests Rs. 15,000 for the entire 2 years: \[ Ravi’s\ contribution = 15,000 \times 2 = 30,000 \]
Total capital-time contributions. The total capital-time contributions of both Sumit and Ravi are: \[ Total = 170,000 + 30,000 = 200,000 \]
Determine the profit-sharing ratio. The profit-sharing ratio is based on their respective capital-time contributions. So the ratio of Sumit’s and Ravi’s contributions is: \[ Sumit : Ravi = 170,000 : 30,000 \]
Simplify this ratio by dividing both terms by 10,000: \[ Sumit : Ravi = 17 : 3 \]
Conclusion: The profit earned after 2 years should be divided between Sumit and Ravi in the ratio 17:3.
#24 Rs. 700 is divided among A, B, C so that A receives half as much as B and B half as much as C. Then C’s share is:
A. Rs. 200
B. Rs. 300
C. Rs. 400
D. Rs. 500
Answer: Option C Solution: Let’s define the shares of A, B, and C in terms of C’s share.
Given: – A receives half as much as B. – B receives half as much as C. – The total amount to be divided is Rs. 700.
Step 1: Express the shares in terms of C’s share. Let C’s share be \( x \).
– B receives half as much as C, so B’s share will be \( \frac{x}{2} \). – A receives half as much as B, so A’s share will be \( \frac{x}{4} \).
Step 2: Set up the equation for the total amount. The sum of their shares equals Rs. 700: \[ A’s\ share + B’s\ share + C’s\ share = 700 \] Substitute the expressions for A’s, B’s, and C’s shares: \[ \frac{x}{4} + \frac{x}{2} + x = 700 \]
Step 3: Solve the equation. To simplify, first find a common denominator. The common denominator of 4, 2, and 1 is 4. So, rewrite the equation: \[ \frac{x}{4} + \frac{2x}{4} + \frac{4x}{4} = 700 \] \[ \frac{x + 2x + 4x}{4} = 700 \] \[ \frac{7x}{4} = 700 \] Now, multiply both sides by 4 to eliminate the denominator: \[ 7x = 2800 \] Solve for \( x \): \[ x = \frac{2800}{7} = 400 \]
Step 4: Conclusion. C’s share is Rs. 400.
#25. Anand and Deepak started a business investing Rs.22,500 and Rs.35,000 respectively. Out of a total profit of Rs. 13,800. Deepak’s share is:
A. Rs 9600
B. Rs 8500
C. Rs 8450
D. Rs 8400
Answer: Option D Solution: To determine Deepak’s share in the profit, we need to calculate the capital-time contributions of both Anand and Deepak. The profit will be divided based on these contributions.
Given: – Anand invests Rs. 22,500. – Deepak invests Rs. 35,000. – The total profit earned is Rs. 13,800.
Since no time period is mentioned, we assume both Anand and Deepak stayed invested for the same period.
Step 1: Calculate the ratio of their investments. The profit-sharing ratio is based on the amount of capital invested by each partner.
The ratio of Anand’s and Deepak’s investments is: \[ Anand : Deepak = 22,500 : 35,000 \]
Simplify this ratio by dividing both terms by 2,500: \[ Anand : Deepak = 9 : 14 \]
Step 2: Determine Deepak’s share in the total profit. The total profit is Rs. 13,800, and Deepak’s share is based on the ratio of 14 out of the total 23 parts (since \( 9 + 14 = 23 \)).
Deepak’s share in the profit: \[ Deepak’s\ share = \frac{14}{23} \times 13,800 \]
Conclusion: Deepak’s share of the profit is Rs. 8,400.
#26. A started a business with Rs. 21,000 and is joined afterwards by B with Rs. 36,000. After how many months did B join if the profits at the end of the year are divided equally?
A. 4
B. 5
C. 6
D. 7
Answer: Option D Solution: To determine after how many months B joined the business, we need to ensure that the capital-time contributions of A and B are in the same ratio to divide the profit equally at the end of the year.
Given: – A invests Rs. 21,000. – B invests Rs. 36,000. – The total profit at the end of the year is divided equally between A and B.
Step 1: Capital-time contribution The profit is divided based on the capital-time contribution, which is the product of the amount of capital invested and the time for which it was invested.
– A’s capital-time contribution is Rs. 21,000 for 12 months (since A invests for the entire year). \[ A’s\ capital-time = 21,000 \times 12 = 252,000 \]
– B’s capital-time contribution is Rs. 36,000, but B joins after \( t \) months. So, B’s capital-time contribution will be \( 36,000 \times t \).
Step 2: Set up the equation for equal profit-sharing For the profit to be divided equally, the capital-time contributions of A and B must be equal: \[ A’s\ capital-time = B’s\ capital-time \] \[ 252,000 = 36,000 \times t \]
Step 3: Solve for \( t \) Now, solve for \( t \): \[ t = \frac{252,000}{36,000} = 7 \]
Conclusion: B must join the business 7 months after A started for the profit to be divided equally at the end of the year.
#27. Nirmal and Kapil started a business investing Rs. 9000 and Rs. 12000 respectively. After 6 months, Kapil withdrew half of his investment. If after a year, the total profit was Rs. 4600, what was Kapil’s share initially ?
A. Rs 2300
B. Rs 2400
C. Rs 2500
D. None of above
Answer: Option A Solution: To calculate Kapil’s share in the total profit, we need to consider the capital-time contributions of both Nirmal and Kapil. The profit will be divided based on these contributions.
Given: – Nirmal invests Rs. 9,000 for the full year (12 months). – Kapil invests Rs. 12,000 for the first 6 months, and then withdraws half of his investment, i.e., Rs. 6,000, for the remaining 6 months. – The total profit at the end of the year is Rs. 4,600. Step 1: Calculate the capital-time contribution of each partner.
Kapil’s contribution: Kapil invests Rs. 12,000 for the first 6 months and Rs. 6,000 for the remaining 6 months.
– For the first 6 months: \[ Kapil’s\ contribution\ (first\ 6\ months) = 12,000 \times 6 = 72,000 \] – For the next 6 months: \[ Kapil’s\ contribution\ (next\ 6\ months) = 6,000 \times 6 = 36,000 \]
Total capital-time contribution for Kapil: \[ Kapil’s\ total\ contribution = 72,000 + 36,000 = 108,000 \]
Step 2: Total capital-time contributions. The total capital-time contributions of both Nirmal and Kapil are: \[ Total = 108,000 + 108,000 = 216,000 \]
Step 3: Profit-sharing ratio. The profit-sharing ratio is based on the capital-time contributions, so the ratio of Nirmal’s and Kapil’s contributions is: \[ Nirmal : Kapil = 108,000 : 108,000 = 1 : 1 \]
Step 4: Calculate Kapil’s share of the total profit. Since the profit-sharing ratio is 1:1, both Nirmal and Kapil will receive an equal share of the total profit.
Kapil’s share in the profit: \[ Kapil’s\ share = \frac{1}{2} \times 4,600 = 2,300 \]
Conclusion: Kapil’s share in the profit is Rs. 2,300.
#28. Manoj received Rs. 6000 as his share out of the total profit of Rs. 9000 which he and Ramesh earned at the end of one year. If Manoj invested Rs.120000 for 6 months, whereas Ramesh invested his amount for the whole year, what was the amount invested by Ramesh
A. Rs. 2000
B. Rs. 30000
C. Rs. 4000
D. Rs. 5000
Answer: Option B Solution: Suppose Ramesh invested Rs. x. Then, Manoj : Ramesh = 120000 × 6 : x × 12. Answer & Solution : 720000 12x 6000 3000 ⇒ x = 720000 24 ⇒ x = 30000
#30. Yogesh started a business investing Rs. 45000. After 3 months, Pranab joined him with a capital of Rs. 60000. After another 6 months, Atul joined them with a capital of Rs. 90000. At the end of the year, they made a profit of Rs. 20000. What would be Atuls share in it?
A. Rs. 7000
B. Rs. 6000
C. Rs. 5000
D. Rs. 4000
Answer: Option D Solution: To determine Atul’s share in the profit, we need to calculate the capital-time contributions of Yogesh, Pranab, and Atul. The profit will be divided based on these contributions.
Given: – Yogesh invests Rs. 45,000 for 12 months. – Pranab joins after 3 months with Rs. 60,000, so his investment is for 9 months. – Atul joins after 9 months with Rs. 90,000, so his investment is for 3 months. – The total profit earned at the end of the year is Rs. 20,000.
Step 1: Calculate the capital-time contribution for each partner.
Step 2: Total capital-time contributions. The total capital-time contributions of all three partners are: \[ Total = 540,000 + 540,000 + 270,000 = 1,350,000 \]
Step 3: Determine the profit-sharing ratio. The profit-sharing ratio is based on the capital-time contributions. So the ratio of Yogesh’s, Pranab’s, and Atul’s contributions is: \[ Yogesh : Pranab : Atul = 540,000 : 540,000 : 270,000 \]
Simplify this ratio by dividing each term by 90,000: \[ Yogesh : Pranab : Atul = 6 : 6 : 3 \]
Step 4: Calculate Atul’s share of the total profit. The total profit is Rs. 20,000, and Atul’s share is based on the ratio 3 out of the total 15 parts (since \( 6 + 6 + 3 = 15 \)).
Atul’s share in the profit: \[ Atul’s\ share = \frac{3}{15} \times 20,000 = 4,000 \]
Conclusion: Atul’s share of the profit is Rs. 4,000.
#31. Rahul and Bharti are partners in a business. Rahul contributes\[\frac14\] th capital for 15 months and Bharti received \[\frac23\] of profit. For how long Bharti money was used.
A. 8 months
B. 15 months
C. 11 months
D. 17 months
Answer: Option B Solution: Let’s break down the problem step by step to find out how long Bharti’s money was used.
Given: – Rahul contributes \(\frac{1}{4}\) of the capital for 15 months. – Bharti receives \(\frac{2}{3}\) of the profit.
We need to find out for how long Bharti’s money was used in the business.
Step 1: Set up the capital-time contribution. Let the total capital be \( C \).
– Rahul’s capital contribution = \(\frac{1}{4}C\) for 15 months. – Bharti’s capital contribution = \(\frac{3}{4}C\), since Rahul contributes \(\frac{1}{4}C\) and the total capital is \( C \).
Let \( t \) be the time for which Bharti’s money was used in the business. Bharti’s capital is used for \( t \) months.
Step 2: Profit-sharing based on capital-time contributions. The profit-sharing ratio is determined by the capital-time contributions. Therefore, we will compare Rahul’s and Bharti’s capital-time contributions.
Step 3: Set up the ratio for the profit-sharing. We know Bharti receives \(\frac{2}{3}\) of the total profit, which means Rahul receives the remaining \(\frac{1}{3}\) of the profit. Therefore, the ratio of Rahul’s and Bharti’s capital-time contributions must be \(\frac{1}{3}\) to \(\frac{2}{3}\).
Thus, we set up the equation: \[ \frac{Rahul’s\ capital-time}{Bharti’s\ capital-time} = \frac{1}{3} : \frac{2}{3} \] Substitute the capital-time contributions: \[ \frac{\frac{15}{4}C}{\frac{3t}{4}C} = \frac{1}{3} \] Simplify: \[ \frac{15}{3t} = \frac{1}{3} \] Cross-multiply to solve for \( t \): \[ 15 \times 3 = 1 \times 3t \] \[ 45 = 3t \] \[ t = 15 \]
Conclusion: Bharti’s money was used for 15 months.
#32. P and Q started a business investing Rs. 85000 and Rs. 15000 resp. In what ratio the profit earned after 2 years be divided between P and Q respectively.
A. 17 : 5
B. 17 : 3
C. 17 : 6
D. 17 : 7
Answer: Option B Solution: To determine the ratio in which P and Q will divide the profit, we need to calculate their capital-time contributions. The profit is divided based on these contributions.
Given: – P invests Rs. 85,000. – Q invests Rs. 15,000. – The profit will be divided after 2 years.
Step 1: Calculate the capital-time contributions.
Since the profit is divided based on the capital-time contributions, we first find the total capital-time for both P and Q.
Step 2: Determine the ratio of their capital-time contributions. The ratio of P’s and Q’s capital-time contributions is: \[ P : Q = 170,000 : 30,000 \]
Simplify this ratio by dividing both terms by 10,000: \[ P : Q = 17 : 3 \]
Conclusion: The profit earned after 2 years will be divided between P and Q in the ratio 17 : 3.
#33. A, B and C enter into a partnership investing Rs 35000, Rs 45000 and Rs 55000 resp. The respective share of A,B and C in an annual profit of Rs 40500 are:
A. Rs. 11500, Rs. 13500, Rs. 16500
B. Rs. 10500, Rs. 12500, Rs. 16500
C. Rs. 10500, Rs. 13500, Rs. 15500
D. Rs. 10500, Rs. 13500, Rs. 16500
Answer: Option D Solution: To determine the respective shares of A, B, and C in the annual profit, we need to calculate their capital-time contributions and use the profit-sharing ratio based on these contributions.
Given: – A invests Rs. 35,000 – B invests Rs. 45,000 – C invests Rs. 55,000 – The total profit is Rs. 40,500
Since there is no mention of the time period, we assume that all partners invested their respective amounts for the entire year.
Step 1: Calculate the capital-time contributions. The profit-sharing ratio is based on the capital-time contributions, and since all partners invested for the entire year, their capital-time contributions are simply their investments.
Step 2: Determine the total capital-time contribution. The total capital-time contributions are: \[ Total = 35,000 + 45,000 + 55,000 = 1,35,000 \]
Step 3: Determine the profit-sharing ratio. The profit-sharing ratio is based on the capital-time contributions. So, the ratio of A’s, B’s, and C’s contributions is: \[ A : B : C = 35,000 : 45,000 : 55,000 \]
Simplify this ratio by dividing each term by 5,000: \[ A : B : C = 7 : 9 : 11 \]
Step 4: Calculate each partner’s share of the profit. The total profit is Rs. 40,500, and the ratio of A’s, B’s, and C’s contributions is 7 : 9 : 11.
The total number of parts is: \[ 7 + 9 + 11 = 27 \]
Now, calculate each partner’s share of the profit: – A’s share: \[ A’s\ share = \frac{7}{27} \times 40,500 = \frac{7 \times 40,500}{27} = 10,500 \]
Conclusion: – A’s share in the profit is Rs. 10,500. – B’s share in the profit is Rs. 13,500. – C’s share in the profit is Rs. 16,500.
#34. Samaira, Mahira and Kiara rented a set of DVDs at a rent of Rs. 578. If they used it for 8 hours, 12 hours and 14 hours respectively, what is Kiara’s share of rent to be paid ?
A. Rs. 192
B. Rs. 204
C. Rs. 215
D. Rs. 238
E. None of these
Answer: Option D Solution: To calculate Kiara’s share of the rent, we need to determine the total number of hours each person used the DVDs and then allocate the rent based on the hours of use.
Given: – Total rent for the DVDs = Rs. 578 – Samaira used the DVDs for 8 hours. – Mahira used the DVDs for 12 hours. – Kiara used the DVDs for 14 hours.
Step 1: Calculate the total hours of usage. The total number of hours the DVDs were used by all three people is: \[ Total\ hours = 8 + 12 + 14 = 34\ hours \]
Step 2: Determine the share of rent based on hours used. Kiara used the DVDs for 14 hours, so her share of the total hours is: \[ Kiara’s\ share\ of\ hours = \frac{14}{34} \]
Step 3: Calculate Kiara’s share of the rent. Now, we can calculate Kiara’s share of the total rent: \[ Kiara’s\ share = \frac{14}{34} \times 578 = \frac{14 \times 578}{34} = \frac{8082}{34} = 237 \]
Conclusion: Kiara’s share of the rent is Rs. 238.
#35. P, Q and R invested Rs. 45000, Rs. 70000 and Rs. 90000 respectively to start a business. At the end of 2 years, they earned a profit of Rs.164000. What will be Q’s share in the profit ?
A. Rs. 36000
B. Rs. 56000
C. Rs. 64000
D. Rs. 72000
E. None of these
Answer: Option B Solution: To calculate Q’s share in the profit, we need to determine the profit-sharing ratio based on the capital-time contributions of P, Q, and R.
Given: – P invested Rs. 45,000 – Q invested Rs. 70,000 – R invested Rs. 90,000 – The total profit earned at the end of 2 years is Rs. 164,000.
Since all the investments were made at the beginning of the business and they are partners for the entire 2 years, we can directly use their investments for 2 years to calculate the capital-time contributions.
Step 2: Determine the total capital-time contribution. The total capital-time contribution is: \[ Total\ capital-time = 90,000 + 140,000 + 180,000 = 410,000 \]
Step 3: Determine the profit-sharing ratio. The profit-sharing ratio is based on the capital-time contributions. Therefore, the ratio of P’s, Q’s, and R’s contributions is: \[ P : Q : R = 90,000 : 140,000 : 180,000 \]
Simplify the ratio by dividing each term by 10,000: \[ P : Q : R = 9 : 14 : 18 \]
Step 4: Calculate Q’s share in the profit. The total profit is Rs. 164,000, and the total number of parts is: \[ 9 + 14 + 18 = 41 \]
Conclusion: Q’s share in the profit is Rs. 56,000.
#36. A working partner gets 20% as his commission of the profit after his commission is paid. If the working partner’s commission is Rs. 8000, then what is the total profit in the business ?
A. Rs. 47000
B. Rs. 45000
C. Rs. 48000
D. None of these
Answer: Option C Solution: To find the total profit in the business, let’s break down the problem step by step.
Given: – The working partner gets 20% of the profit after his commission is paid. – The working partner’s commission is Rs. 8,000.
Step 1: Let the total profit be \( P \).
The working partner receives 20% of the profit after his commission. This means that after his commission is subtracted, the remaining profit is what the working partner receives 20% of. So, the total profit \( P \) can be divided into two parts:
1. The working partner’s commission (Rs. 8,000). 2. The remaining profit (which the working partner gets 20% of).
Step 2: Calculate the remaining profit.
Let the remaining profit (after the commission) be \( R \).
Since the working partner receives 20% of \( R \) as his commission, we have: \[ \text{Working partner’s commission} = 20\% \times R = 8000 \]
This gives the equation: \[ 0.20 \times R = 8000 \]
Solving for \( R \): \[ R = \frac{8000}{0.20} = 40,000 \]
Step 3: Calculate the total profit.
Now, the total profit \( P \) is the sum of the working partner’s commission (Rs. 8,000) and the remaining profit \( R \) (Rs. 40,000): \[ P = 8000 + 40,000 = 48,000 \]
Conclusion: The total profit in the business is Rs. 48,000.
#37. We have to divided a sum of Rs. 13950 among three persons A, B and C. B must get the double of A’s share and C must get Rs. 50 less than the double of B’s share. The share of A will be ?
A. Rs. 1950
B. Rs. 1981.25
C. Rs. 2000
D. Rs. 2007.75
Answer: Option C Solution: Let’s break down the problem step by step.
Given: – The total sum to be divided is Rs. 13,950. – B’s share must be double of A’s share. – C’s share must be Rs. 50 less than double of B’s share.
Let A’s share be \( x \).
Step 1: Express B’s and C’s shares in terms of A’s share. – B’s share is double of A’s share: \[ B = 2x \]
– C’s share is Rs. 50 less than double of B’s share: \[ C = 2B – 50 = 2(2x) – 50 = 4x – 50 \]
Step 2: Set up the equation for the total sum. The total sum of Rs. 13,950 is divided among A, B, and C: \[ A + B + C = 13,950 \]
Substitute the expressions for B and C in terms of \( x \): \[ x + 2x + (4x – 50) = 13,950 \]
Step 4: Solve for \( x \). Add 50 to both sides: \[ 7x = 13,950 + 50 = 14,000 \]
Now, divide both sides by 7: \[ x = \frac{14,000}{7} = 2,000 \]
Conclusion: A’s share is Rs. 2,000.
#38. Prakash, Sachin and Anil started a business jointly investing Rs. 11 lakh, Rs. 16.5 lakh and Rs.8.25 lakh respectively. The profit earned by them in the business at the end of 3 years was Rs. 19.5 lakh. What will be 50% of Anil’s share in the profit ?
A. Rs. 2.25 lakh
B. Rs. 2.50 lakh
C. Rs. 3.75 lakh
D. Rs. 4.50 lakh
E. None of these
Answer: Option A Solution: To determine 50% of Anil’s share in the profit, we need to follow these steps:
Given: – Prakash invests Rs. 11 lakh. – Sachin invests Rs. 16.5 lakh. – Anil invests Rs. 8.25 lakh. – The total profit at the end of 3 years is Rs. 19.5 lakh.
Step 1: Calculate the total capital-time contributions.
Since the profit-sharing is based on the capital-time contributions, and they have been partners for 3 years, we will first calculate the capital-time contributions for each.
Step 2: Determine the total capital-time contribution.
The total capital-time contribution is the sum of Prakash’s, Sachin’s, and Anil’s contributions: \[ \text{Total capital-time} = 33 + 49.5 + 24.75 = 107.25 \text{ lakh} \]
Step 3: Calculate the profit-sharing ratio.
The profit-sharing ratio is based on the capital-time contributions. So, the ratio of Prakash’s, Sachin’s, and Anil’s contributions is: \[ \text{Prakash : Sachin : Anil} = 33 : 49.5 : 24.75 \]
To simplify the ratio, we multiply each term by 4 to avoid decimals: \[ 33 \times 4 : 49.5 \times 4 : 24.75 \times 4 = 132 : 198 : 99 \]
So, the ratio of their profit shares is: \[ 132 : 198 : 99 \]
Step 4: Determine Anil’s share of the total profit.
The total profit is Rs. 19.5 lakh, and the total number of parts in the profit-sharing ratio is: \[ 132 + 198 + 99 = 429 \]
Anil’s share of the profit is: \[ \text{Anil’s share} = \frac{99}{429} \times 19.5 \text{ lakh} \]
Now, we calculate 50% of Anil’s share: \[ 50\% \text{ of Anil’s share} = \frac{4.5}{2} = 2.25 \text{ lakh} \]
Conclusion: 50% of Anil’s share in the profit is Rs. 2.25 lakh.
#39. Two friends invested Rs.1500 and Rs. 2500 in a business. They earned a profit of Rs. 800. One-half of the profit was divided equally between them and the other half was divided in proportion to their capitals. How much did each of them receive ?
A. Rs. 350 and Rs. 450
B. Rs. 360 and Rs. 440
C. Rs. 370 and Rs. 430
D. Rs. 375 and Rs. 425
Answer: Option A Solution: Let’s break down the problem step by step:
Given: – Friend 1 (let’s call them A) invested Rs. 1500. – Friend 2 (let’s call them B) invested Rs. 2500. – Total profit earned = Rs. 800. – Half of the profit is divided equally, and the other half is divided in proportion to their capitals.
Step 1: Divide the profit into two equal parts. The total profit is Rs. 800, so half of the profit is: \[ \frac{800}{2} = 400 \] This half is divided equally between A and B, so each of them receives Rs. 400 ÷ 2 = **Rs. 200**.
Step 2: Divide the remaining half of the profit based on their capitals. The remaining Rs. 400 is divided in proportion to their investments (capitals).
The ratio of their investments is: \[ \text{A’s investment} : \text{B’s investment} = 1500 : 2500 \] Simplify the ratio: \[ \frac{1500}{500} : \frac{2500}{500} = 3 : 5 \] So, the total parts are 3 + 5 = 8.
Now, each part of the remaining profit is: \[ \frac{400}{8} = 50 \]
– A’s share from the remaining profit = 3 parts = 3 × 50 = **Rs. 150**. – B’s share from the remaining profit = 5 parts = 5 × 50 = **Rs. 250**.
Step 3: Calculate the total amount received by each.
Conclusion: – A receives Rs. 350. – B receives Rs. 450.
#40. Three persons stared a placement business with a capital of Rs. 3000. B invests Rs. 600 less than A and C invests Rs. 300 less than B. What is B’s share in a profit of Rs. 886 ?
A. Rs. 443
B. Rs. 354.40
C. Rs. 265.80
D. Rs. 177.20
Answer: Option C Solution: Let’s break down the problem step by step to calculate B’s share of the profit.
Given: – Total capital = Rs. 3000 – B invests Rs. 600 less than A – C invests Rs. 300 less than B – The total profit is Rs. 886
Step 1: Express the investments of each person. Let A’s investment be \( x \).
Step 2: Set up the equation for the total capital. The total capital invested by all three persons is Rs. 3000: \[ x + (x – 600) + (x – 900) = 3000 \] Simplifying: \[ x + x – 600 + x – 900 = 3000 \] \[ 3x – 1500 = 3000 \] \[ 3x = 4500 \] \[ x = 1500 \]
Step 4: Determine the total capital-time ratio. Now, the total profit is to be divided in proportion to their investments.
The total capital is Rs. 3000, and the total investment shares are: – A’s share = Rs. 1500 – B’s share = Rs. 900 – C’s share = Rs. 600
The ratio of their investments is: \[ A : B : C = 1500 : 900 : 600 \]
Simplify the ratio: \[ A : B : C = 5 : 3 : 2 \]
Step 5: Calculate B’s share of the profit. The total parts in the profit-sharing ratio are: \[ 5 + 3 + 2 = 10 \]
B’s share in the profit is: \[ B’s\ share = \frac{3}{10} \times 886 = \frac{3 \times 886}{10} = \frac{2658}{10} = 265.8 \]
Conclusion: B’s share in the profit is Rs. 265.80.
#41. X and Y are partners in a business. They invest in the ratio 5 : 6, at the end of 8 months X withdraws his capital. If they receive profits in the ratio of 5 : 9. Find how long Y’s investment was used ?
A. 12 months
B. 10 months
C. 15 months
D. 14 months
Answer: Option A Solution: To solve this, we need to find how long Y’s investment was used in the business, given that X and Y’s profits are divided in a certain ratio and X withdraws his capital after 8 months.
Given: – X and Y invest in the ratio 5:6. – X withdraws his capital after 8 months. – The profit ratio between X and Y is 5:9.
Step 1: Capital-time contribution for X and Y.
The capital-time contribution determines the profit-sharing ratio. Since X and Y invested in the ratio of 5:6, we can calculate their capital-time contributions.
Let the capital-time contribution for X and Y be in terms of their respective investments:
– **X’s capital-time contribution** = \( 5 \times 8 \) (since X invested for 8 months) = \( 40 \) – **Y’s capital-time contribution** = \( 6 \times t \), where \( t \) is the number of months Y’s investment was used.
Step 2: Use the profit-sharing ratio.
The profit-sharing ratio is given as 5:9. The ratio of their capital-time contributions should be equal to the profit-sharing ratio:
Conclusion: Y’s investment was used for 12 months.
#42. Four milkmen rented a pasture. M put to graze 16 cows for 3 months and N 20 cows for 4 months, O 18 cows for 6 months and P 42 cows for 2 months. If M’s share of rent be Rs. 2400, the rent paid by O is ?
A. Rs. 3200
B. Rs. 4200
C. Rs. 4000
D. Rs. 5400
Answer: Option D Solution: M graze 16 cows for 3 months. N graze 20 cows for 4 months. O graze 18 cows for 6 months. P graze 42 cows for 2 months. So, Ration of Rent = M : N : O : P = (16 × 3) : (20 × 4) : (18 × 6) : (42 × 2) = 48 : 80 : 108 : 84 = 12 : 20 : 27 : 21 According to the question, Answer & Solution 12 units = Rs. 2400 1 unit = 2400 12 27 units = 2400 × 27 12 = Rs. 5400
#43. Shankar starts a business with an investment of Rs. 120000. After three months, Aniket joined him with an invesment of Rs. 190000. They earned a profit of Rs. 1750000 after one year. What is Aniket’s share in the profit ?
A. Rs. 800000
B. Rs. 850000
C. Rs. 900000
D. Rs. 950000
E. None of these
Answer: Option D Solution: To calculate Aniket’s share in the profit, let’s break down the problem step by step.
Given: – Shankar’s investment = Rs. 120,000 – Aniket’s investment = Rs. 190,000 – Shankar’s investment duration = 12 months (since he started the business) – Aniket joins after 3 months, so his investment duration = 9 months – Total profit earned = Rs. 1,750,000 – We need to find Aniket’s share of the profit.
Step 1: Calculate the capital-time contributions of Shankar and Aniket.
The share of the profit is based on the capital-time contributions, which is the product of the amount invested and the time for which it is invested.
Step 2: Calculate the total capital-time contribution. The total capital-time contribution is the sum of Shankar’s and Aniket’s contributions: \[ \text{Total capital-time} = 1,440,000 + 1,710,000 = 3,150,000 \]
Step 3: Find the ratio of their capital-time contributions. Now, the ratio of Shankar’s and Aniket’s contributions is: \[ \text{Shankar : Aniket} = 1,440,000 : 1,710,000 \] Simplifying this ratio by dividing both numbers by 30,000: \[ \text{Shankar : Aniket} = 48 : 57 \] Further simplifying the ratio by dividing by 3: \[ \text{Shankar : Aniket} = 16 : 19 \]
Step 4: Calculate Aniket’s share of the profit. The total profit is Rs. 1,750,000. Aniket’s share of the profit is: \[ \text{Aniket’s share} = \frac{19}{16 + 19} \times 1,750,000 = \frac{19}{35} \times 1,750,000 \] Now calculate Aniket’s share: \[ \text{Aniket’s share} = \frac{19 \times 1,750,000}{35} = \frac{33,250,000}{35} = 950,000 \]
Conclusion: Aniket’s share in the profit is Rs. 950,000.
#44. Arun started a business investing Rs. 38000. After 5 months Bakul joined him with a capital of Rs. 55000. At the end of the year the total profit was Rs. 22000. What is the approximate difference between the share of profits Arun and Bakul ?
A. Rs. 1007
B. Rs. 1192
C. Rs. 1568
D. Rs. 1857
E. Rs. 1928
Answer: Option D Solution: To calculate the difference in the share of profits between Arun and Bakul, we need to consider the capital-time contributions and the total profit at the end of the year.
Given: – Arun’s investment = Rs. 38,000 – Bakul’s investment = Rs. 55,000 – Arun’s investment duration = 12 months (since he started the business) – Bakul joins after 5 months, so his investment duration = 7 months (12 months – 5 months) – Total profit earned = Rs. 22,000 – We need to find the difference in their profit shares.
Step 1: Calculate the capital-time contributions.
The share of the profit is based on the capital-time contributions, which is the product of the amount invested and the time for which it is invested.
Step 2: Calculate the total capital-time contribution. The total capital-time contribution is the sum of Arun’s and Bakul’s contributions: \[ \text{Total capital-time} = 456,000 + 385,000 = 841,000 \]
Step 3: Find the ratio of their capital-time contributions. Now, the ratio of Arun’s and Bakul’s contributions is: \[ \text{Arun : Bakul} = 456,000 : 385,000 \] Simplifying the ratio: \[ \text{Arun : Bakul} = \frac{456,000}{5,000} : \frac{385,000}{5,000} = 91.2 : 77 \] Rounding off the numbers, we get approximately: \[ \text{Arun : Bakul} = 91 : 77 \]
Step 4: Calculate their shares of the profit. The total profit is Rs. 22,000. The total parts in the profit-sharing ratio are: \[ 91 + 77 = 168 \]
Step 5: Find the difference between their shares. The difference between Arun’s and Bakul’s shares is: \[ \text{Difference} = 11,905 – 10,095 = 1,810 \]
Conclusion: The approximate difference between Arun’s and Bakul’s share of the profit is Rs. 1,810.
#45. Goutam started a business with a sum of Rs. 60000. Jatin joined him 8 months later with a sum of Rs. 35000. At what respective ratio will the two share of profit after two years ?
A. 2 : 1
B. 3 : 1
C. 18 : 7
D. 37 : 14
E. None of these
Answer: Option C Solution: To determine the ratio at which Goutam and Jatin will share the profit, we need to calculate their capital-time contributions. The profit-sharing ratio is directly proportional to the capital-time contributions.
Given: – Goutam’s investment = Rs. 60,000 – Jatin’s investment = Rs. 35,000 – Goutam invests for the full 2 years (24 months). – Jatin joins after 8 months, so Jatin invests for 16 months (24 months – 8 months).
Step 2: Calculate the total capital-time contributions. The total capital-time contribution is the sum of Goutam’s and Jatin’s contributions: \[ \text{Total capital-time} = 1,440,000 + 560,000 = 2,000,000 \]
Step 3: Find the ratio of their capital-time contributions. The ratio of Goutam’s and Jatin’s contributions is: \[ \text{Goutam : Jatin} = 1,440,000 : 560,000 \]
Conclusion: The ratio at which Goutam and Jatin will share the profit is 18 : 7.
#46. Simran started a software business by investing Rs. 50000. After six months, Nanda joined her with a capital of Rs. 80000. After 3 years, they earned a profit of Rs. 24500. What was Simran’s share in the profit ?
A. Rs. 9423
B. Rs. 10250
C. Rs. 12500
D. Rs. 14000
E. None of these
Answer: Option E Solution: To calculate Simran’s share in the profit, we need to consider the capital-time contributions of both Simran and Nanda, as the profit is divided in proportion to these contributions.
Given: – Simran’s investment = Rs. 50,000 – Nanda’s investment = Rs. 80,000 – Simran invests for 3 years (36 months). – Nanda joins after 6 months, so Nanda invests for 2.5 years (30 months). – Total profit earned = Rs. 24,500 – We need to find Simran’s share in the profit.
Step 2: Calculate the total capital-time contribution. The total capital-time contribution is the sum of Simran’s and Nanda’s contributions: \[ \text{Total capital-time} = 1,800,000 + 2,400,000 = 4,200,000 \]
Step 3: Find the ratio of their capital-time contributions. The ratio of Simran’s and Nanda’s contributions is: \[ \text{Simran : Nanda} = 1,800,000 : 2,400,000 \]
Simplifying the ratio by dividing both numbers by 600,000: \[ \text{Simran : Nanda} = 3 : 4 \]
Step 4: Calculate Simran’s share of the profit. The total profit is Rs. 24,500. The total ratio parts are: \[ 3 + 4 = 7 \]
Conclusion: Simran’s share in the profit is Rs. 10,500.
#47. Dilip, Ram and Avtar started a shop by investing Rs. 2700, Rs. 8100 and Rs. 7200 respectively. At the end of one year, the profit earned was distributed. If Ram’s share was Rs. 3600, what was their total profit ?
A. Rs. 8000
B. Rs. 10800
C. Rs. 11600
D. Data inadequate
Answer: Option A Solution: To calculate the total profit, we need to understand the profit-sharing mechanism based on the capital-time contributions.
Given: – Dilip’s investment = Rs. 2700 – Ram’s investment = Rs. 8100 – Avtar’s investment = Rs. 7200 – Ram’s share in the profit = Rs. 3600 – We need to find the total profit.
Step 1: Calculate the ratio of their capital-time contributions. Since the profit is distributed based on the capital-time contributions, we first calculate their capital-time contributions. Since all the investments are for one year, we can directly use the capital amounts for the ratio.
The ratio of their capital-time contributions will be the ratio of their investments.
Now, simplify the ratio by dividing each number by 900: \[ \text{Dilip : Ram : Avtar} = 3 : 9 : 8 \]
Step 2: Calculate the total parts in the ratio. The total parts in the ratio are: \[ 3 + 9 + 8 = 20 \]
Step 3: Find Ram’s share of the total profit. Since Ram’s share is Rs. 3600, and the ratio of the total parts is 20, Ram’s share corresponds to 9 parts out of 20. Therefore, we can calculate the total profit using the proportion:
Solving for the total profit: \[ \text{Total profit} = \frac{3600 \times 20}{9} = \frac{72,000}{9} = 8000 \]
Conclusion: The total profit earned is Rs. 8000.
#48. A, B and C invested Rs. 47000 for a business. If A subscribes Rs. 7000 more than B and B Rs. 5000 more than C, then out of total profit of Rs. 4700, C receives ?
A. Rs. 1200
B. Rs. 4500
C. Rs. 1000
D. None of these
Answer: Option C Solution: Let’s solve this step by step:
Given: – Total investment = Rs. 47,000 – A invests Rs. 7,000 more than B. – B invests Rs. 5,000 more than C. – Total profit = Rs. 4,700 – We need to find C’s share of the profit.
Step 1: Set up the investments based on the conditions. Let C’s investment be **x**.
– B’s investment is Rs. 5,000 more than C, so B’s investment = **x + 5000**. – A’s investment is Rs. 7,000 more than B, so A’s investment = **(x + 5000) + 7000 = x + 12,000**.
Now, according to the problem: \[ A + B + C = 47,000 \] Substitute the values for A and B: \[ (x + 12,000) + (x + 5000) + x = 47,000 \] Simplifying the equation: \[ 3x + 17,000 = 47,000 \] \[ 3x = 47,000 – 17,000 = 30,000 \] \[ x = \frac{30,000}{3} = 10,000 \]
So, C’s investment = Rs. 10,000, B’s investment = Rs. 15,000, and A’s investment = Rs. 22,000.
Step 2: Calculate the ratio of their investments. The ratio of A, B, and C’s investments is: \[ A : B : C = 22,000 : 15,000 : 10,000 \] Simplifying the ratio by dividing by 1,000: \[ A : B : C = 22 : 15 : 10 \]
Step 3: Calculate C’s share in the profit. The total number of parts is: \[ 22 + 15 + 10 = 47 \]
C’s share of the profit will be: \[ \frac{10}{47} \times 4,700 = \frac{47,000}{47} = 1,000 \]
Conclusion: C’s share of the profit is Rs. 1,000.
#49. A and B started a business investing amount of Rs. 185000 and Rs. 225000 respectively. If B’s share in the profit earned by them is Rs. 9000 then what is the total profit earned by them together ?
A. Rs. 17400
B. Rs. 16400
C. Rs. 16800
D. Rs. 17800
Answer: Option B Solution: To solve this, we need to determine the total profit based on the ratio of their investments, since the profit is distributed in proportion to the capital invested.
Given: – A’s investment = Rs. 185,000 – B’s investment = Rs. 225,000 – B’s share of the profit = Rs. 9,000 – We need to find the total profit.
Step 1: Calculate the ratio of their investments. The ratio of A’s investment to B’s investment is: \[ \text{A’s investment} : \text{B’s investment} = 185,000 : 225,000 \]
Simplify the ratio by dividing both amounts by 5,000: \[ 185,000 : 225,000 = 37 : 45 \]
So, the ratio of their investments is **37 : 45**.
Step 2: Determine the total parts in the ratio. The total number of parts in the ratio is: \[ 37 + 45 = 82 \]
Step 3: Use B’s share of the profit to find the total profit. Since B’s share corresponds to 45 parts out of 82, and B’s share is Rs. 9,000, we can calculate the total profit by setting up the proportion:
Solving for the total profit: \[ \text{Total profit} = \frac{9,000 \times 82}{45} = \frac{738,000}{45} = 16,400 \]
Conclusion: The total profit earned by them together is Rs. 16,400.
#50. A and B stared a boutique investing amounts of Rs. 35000 and Rs. 56000 respectively. If A’s share in the profit earned by them need is Rs. 45000, then what is the total profit earned ?
A. Rs. 81000
B. Rs. 127000
C. Rs. 72000
D. Rs. 117000
Answer: Option D Solution: To find the total profit earned, we need to determine the ratio of A’s and B’s investments and use that to calculate the total profit.
Given: – A’s investment = Rs. 35,000 – B’s investment = Rs. 56,000 – A’s share in the profit = Rs. 45,000 – We need to find the total profit.
Step 1: Calculate the ratio of their investments. The ratio of A’s investment to B’s investment is: \[ \text{A’s investment} : \text{B’s investment} = 35,000 : 56,000 \]
Simplify the ratio by dividing both amounts by 7,000: \[ 35,000 : 56,000 = 5 : 8 \]
So, the ratio of their investments is **5 : 8**.
Step 2: Determine the total parts in the ratio. The total number of parts in the ratio is: \[ 5 + 8 = 13 \]
Step 3: Use A’s share in the profit to find the total profit. Since A’s share corresponds to 5 parts out of 13, and A’s share is Rs. 45,000, we can calculate the total profit by setting up the proportion: