Prakash and Pradipta started a business by investing Rs.3000 and Rs.5000 respectively. After 6 months Prakash invested Rs.4000 more but after 6 months Pradipta withdraws Rs.1000. If after 1 year the profit is Rs.6175, then find their shares of profit.
Answers
Step-by-step explanation:
Solution :
Prakash and Pradipta started a business by investing Rs.3000 and Rs.5000 respectively.
Invested amount :
Prakash =
= (Rs.3,000 × 6) + (Rs.7,000 × 6)
= 18,000 + 42,000
= 60,000
Pradipta =
= (Rs.5,000 × 6) + (Rs.4,000 × 6)
= 30,000 + 24,000
= 54,000
Ratio of their investment = Prakash : Pradipta
= 60,000 : 54,000
= 60 : 54 = 10 : 9
After 1 year the profit is Rs.6,175.
Their shares of profit :
Prakash =
= 6,175 × 10/19
= 3,250
Pradipta =
= 6,175 × 9/19
= 2,925
Hence, Prakash's Share = Rs. 3,250 and Pradipta's Share = Rs. 2,925
Answer:
The shares of profit for Prakash and Pradipta is Rs. 3,250 and Rs. 2,925
Step-by-step explanation:
Prakash and Pradipta started a business by investing = Rs.3000 and Rs.5000
After 6 months,
Prakash invested = Rs.4000 more
Pradipta withdraws = Rs.1000
★ Prakash's Invested amount :
(3,000 × 6) + (7,000 × 6)
18,000 + 42,000
60,000
Prakash invested Rs. 60,000
★ Pradipta's Invested amount :
(5,000 × 6) + (4,000 × 6)
30,000 + 24,000
54,000
Pradipta invested Rs. 54,000
★ Investment ratio of both :
- Prakash = Rs. 60,000
- Pradipta = Rs. 54,000
Prakash : Pradipta
60 : 54
10 : 9
According to the Question, after 1 year the profit is Rs. 6,175.
★ Prakash's shares of profit :
6,175 × 10/19
3,250
★ Pradipta's shares of profit :
6,175 × 9/19
2,925
Prakash's share = Rs. 3,250
Pradipta's share = Rs. 2,925
Therefore, the shares of profit for Prakash and Pradipta is Rs. 3,250 and Rs. 2,925.