Businessmen, Ram, Sham and Ghansham started a business by investing money in the ratio of 5 : 4 : 2 respectively for a period of 5 years. What is the amount received by Ram as his share profit? 1) Invested amount in business was in Rs. 44,000. 2)Profit earned at the end of 5 years is 5/8 of the total investment. 3)The average amount of profit earned per year is Rs. 5500. Which of these following options will able to give answer? A. 1 or 2 or 3 B. Either 3 only C. 1 and 2 together D. Any two of the three E. All 1, 2 and 3 are required. F. None of these
Answers
Given :- Businessmen, Ram, Sham and Ghansham started a business by investing money in the ratio of 5 : 4 : 2 respectively for a period of 5 years. What is the amount received by Ram as his share profit ?
1) Invested amount in business was in Rs. 44,000.
2)Profit earned at the end of 5 years is 5/8 of the total investment.
3)The average amount of profit earned per year is Rs. 5500.
Which of these following options will able to give answer ? A. 1 or 2 or 3
B. Either 3 only
C. 1 and 2 together
D. Any two of the three
E. All 1, 2 and 3 are required.
F. None of these
Solution :-
→ Ratio of investment = Ram : sham : Ghansham = 5 : 4 : 2 = Ratio of profit .
1) Invested amount in business was in Rs. 44,000.
- Not enough .
2) Profit earned at the end of 5 years is 5/8 of the total investment.
so,
→ Total profit = (5/8) * 44000 = 27500 .
then,
→ share of Ram in profit = (5/11) * 27500 = Rs.12500 .
therefore, Option (C) 1 and 2 together will able to give answer .
now, 3)The average amount of profit earned per year is Rs. 5500.
so,
→ Total profit in 5 years = 5 * 5500 = Rs.27500
then,
→ share of Ram in profit = (5/11) * 27500 = Rs.12500 .
therefore, Option (B) Either 3 only will able to give answer .
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