ajay started a business investing Rs12000.After 5months,BAla joined him with a capital of Rs 9000. at the end of the year , the total profit was Rs 4416. what is the share of profit of ajaya ?
Answers
Given:
Ajay started a business investing Rs. 12000.
After 5 months, Bala joined him with a capital of Rs 9000.
At the end of the year, the total profit was Rs 4416.
To find:
What is the share of profit of Ajay?
Solution:
For Ajay:
The amount of investment = Rs. 12000
The time period of investment = 12 months
For Bala:
The amount of investment = Rs. 9000
The time period of investment = 12 - 5 = 7 months
∴ The ratio of their capitals is,
= Ajay's capital : Bala's capital
= (12000 × 12) : (9000 × 7)
= 144000 : 63000
= 144 : 63
= 16 : 7
The total profit at the end of the year = Rs. 4416
∴ Ajay's share of profit =
Thus, the share of profit of Ajay is → Rs. 3072.
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