A and B starts business with Rs600 and Rs500 respectively.After 4 months C replaces B with X% of B's capital.After 1 year C's share out of the total profit 24000 is 5600. Find the value of X?
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Answer:
70
Step-by-step explanation:
Since A, B and C were involved in business, their profit sharing ratio will be:
600*12 : 500*4 : (500*x/100)*8
Which can be simplified to 180 : 50 : x
So C’s share is x/(230+x) multiplying which with 24000 will give 5600.
24000*x/(230+x) = 5600
Solving this will get you the value of x as 70.
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70
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