aslam and akram invested 27000 and 30000 to start a business if they earned a profit of 66500 at the end of the year find the profit of each one
Answers
Answer:
aslam profit 31500 and Akram profit 35000
Step-by-step explanation:
Aslam invested 27000
Akram invested 30000
Aslam/Akram=27000/30000
=9p/10p
total 9p+10p=19 p
total profit is 19p
19p=66500
1p=3500
9p=31500(Aslam)
10p=35000(Akram)
Given:
Sum invested by Aslam, S₁ = Rs. 27000
Sum invested by Akram, S₂ = Rs. 30000
Profit at the end of the year, P = Rs. 66500
Find:
The profit of each one.
Solution:
The simplified form of capital ratio is given by,
Aslam's Share : Akram's Share = S₁ : S₂
= 27000 : 30000
= 27 : 30
= 9 : 10
Sum of ratios, n = 9 + 10 = 19
Total profit, P = Rs. 66500
Aslam's profit, P₁ = (9/n) × P
= (9/19) × 66500
= 9/19 × 66500
= 9 × 3500 = Rs. 31500
Akram's profit, P₂ = (10/n) × P
= (10/19) × 66500
= 10/19 × 66500
= 10 × 3500 = Rs. 35000
Hence, Aslam's share of profit = Rs. 31500 and Akram's share of profit = Rs. 35000.
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