Question

Aman, Mohan and Shamlal contributed Rs 7,000, Rs 8,000 and Rs 9,000 respectively, in a partnership business. They receive 5% interest on their investments. The total profit of Rs 3,600 was distributed to them after deducting the interest. Find the present worth of each partner's capital, if the profit is distributed in ratio of 3: 4: 5.​

Answer 1

Contribution by Aman: Rs 7000

Contribution by Mohan: Rs 8000

Contribution by Shamlal: Rs 9000

3x + 4x + 5x = 3600

12x = 3600

x = 300

share of aman : 900

share of mohan : 1200

share of shamlal : 1500

Worth of Aman: 7000 + (5/100)*7000 + 900: rs 8250

Worth of Mohan: 8000 + (5/100)*8000 + 1200: rs 9600

Worth of Shamlal: 9000+(5/100)*9000+1500: rs 10950