Nazir invested 4000 rupees and Narayanan invested 6000 rupees to set up a partnership. In one year, they got 3000 rupees profit. If they split this in the ratio of their investment, how much would Nazir get?
Answers
Answer:
1200 rupees
Step-by-step explanation:
- Investment by Nazir = 4000 rupees
- Investment by Narayanan = 6000 rupees
- Ratio of investment = 4000/6000= 2/3
- Profit = 3000 rupees
Distribution of profit:
- 2x+3x= 3000
- 5x= 3000
- x= 3000/5
- x= 600
Nazir gets:
- 2x= 2*600 = 1200 rupees
Given: Amount invested by Nazir = Rs. 4,000
Amount invested by Narayanan = Rs. 6,000
Profit they earned from their partnership = Rs. 3,000
To find: Share of Nazir if they share the profit in their investment ratio
Solution: According to the given question,
Investment made by Nazir = Rs. 4,000
Investment made by Narayanan = Rs. 6,000
Ratio of their investment = 4,000 : 6,000 = 4 : 6 or 2 : 3
( Understanding the ratio - If total profit is 5 (2 + 3), Nazir will get 2 and Narayanan will get 3 out of it)
Profit earned by them = Rs. 3,000
∵ Nazir's share in the profit based on investment ratio
=
Hence, Nazir will get Rs. 1,200.