A started a project by investing Rs. X and after 6months, B invested Rs 4000 more than what A had invested. At the end of the year, the ratio of the overall profit to that of B was 7:3. what is the value of X?
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Accroding to the question,
A has invested ₹ X for 12 months and B has invested ₹X+4000 for 6 months only, then the profit share will also be for 6 months only.
The ratio of B’s profit to that of total profit is 3:7,
Let B’s profit is 3x
Then, A’s profit will be 4x, as total profit is 7x.
So, A to B ratio will be 4:3
X:(X+4000)/2=4:3
6X=4X+16000
2X=16000
X=8000
Hence A’s share is ₹ 8000.
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