Question

9. Sourav invested 28/5 lakhs in a business and earned a profit of 29/4 thousand. What the capital available for expenditure?

Answer 1

Answer:

Capital Available for investment is $\frac{2269}{400}$  

Step-by-step explanation:

Given: Investment in Business = $\frac{28}{5}\:lakh$

           Profit = $\frac{29}{4}\:thousand$

To find: Capital for expenditure

Capital for expenditure = Investment + Profit

                                       = $\frac{28}{5}\:lakh\:\:+\:\:\frac{29}{4}\:thousand$

                                       = $\frac{28}{5}\:lakh\:\:+\:\:\frac{29}{4}\times\frac{1}{100}\:lakh$

                                       = $\frac{28}{5}+\frac{29}{400}$

                                       = $\frac{28\times80}{5\times80}+\frac{29}{400}$  (we multiplied with 80 to make denominator equal to 400 as LCM of 400 & 5 is 400)

                                       = $\frac{2240}{400}+\frac{29}{400}$  

                                       = $\frac{2269}{400}$  

Therefore, Capital Available for investment is $\frac{2269}{400}$