11. Srikant and Soiffuddin invested 3 240000 and 30,0000 respectively at the begining of
the year to purchase a mini bus to run it on a route. After 4 months, their friend Peter joined
them with a capital of 81000. Shrikant and Soiffuddin have withdrawn that money in the
ratio of their capitals. Let us write by calculating the share of each if they make a profit of
Answers
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Answer:
The share of each if they make a profit of 39150 at the end of the year are Rs. 15818, Rs. 19772, Rs. 3559.
Given
At the begining of the year to purchase a mini bus :
Srikant invested Rs. 2,40,000 for a year = 2,40,000 × 12
= 28,80,000
Soiffuddin invested Rs. 3,00,000 for a year = 3,00,000 × 12
= 36,00,000
After 4 months :
Their friend Peter joined them with a capital of Rs. 81,000.
Peter invested Rs. 81,000 after 4 months = 81,000 × 8
= 6,48,000
They withdrawn the money in the ratio of their capitals :
Ratio of capitals = 28,80,000 : 36,00,000 : 6,48, 000
= 40 : 50 : 9
They make a profit at the end of the year :
At the end of the year, profit = Rs. 39,150
Calculating the share of each :
Their shares of profit in ratio of their capital can be calculated by
= ( Ratio of their capital / Total ratio their capital ) × Profit
Total ratio of their capital = 40 + 50 + 9 = 99
Srikant share = \frac{40}{99}
99
40
× 39150
= Rs. 15818
Soiffuddin share = \frac{50}{99}
99
50
× 39150
= Rs. 19772
Peter share = \frac{9}{99}
99
9
× 39150
= Rs. 3559
Therefore, share of each if they make a profit of Rs. 39150 at the end of the year are Rs. 15818, Rs. 19772, Rs. 3559.
To learn more...
Srikant and Soiffuddin invested 240000 and 30,0000 respectively at the begining of
the year to purchase a mini bus to run it on a route. After 4 months, their friend Peter joined
them with a capital of 81000. Shrikant and Soiffuddin have withdrawn that money in the
ratio of their capitals. Let us write by calculating the share of each if they make a profit of
39150 at the end of the year.
