Question

Ramsay, Khal and Jon invested $2000, $4000 and $6000. If Ramsay invested the
amount for a year, whereas Khal invested the amount for 8 months and Jon
invested for 4 months. Calculate the profit share for Jon, if the yearly profit is
$36680.
2

Answer 1

Answer:

Profit share of Jon is $11004.

Step-by-step explanation:

Given,Ramsay, Khal and Jon invested 2000, 4000 and 6000 respectively

Now,Ramsay invested the amount for a year

$= 12 \: months$

, whereas Khal invested the amount for 8 months and Jon invested for 4 months.

Therefore Ramsay,Khal and Jon invested their amount for 12 months,8 months and 4 months respectively.

Ratio of their shares

$(2000 \times 12):(4000 \times 8):(6000 \times 4) \\ = (2 \times 12):(4 \times 8):(6 \times 4) \\ = 24:32:24 \\ = 3:4:3$

It is also given per year profit is $36680.

Now by Partnership's rule,

Profit of Ramsay

$= 36680 \times \frac{3}{3 + 4 + 3} \\ = 36680 \times \frac{3}{10} \\ = 3668 \times 3 \\ =1100 4 \:$

Profit of Khal

$= 36680 \times \frac{4}{3 + 4 + 3} \\ = 36680 \times \frac{4}{10} \\ = 3668 \times 4 \\ =1467 2 \:$

Profit of Jon

$= 36680 \times \frac{3}{3 + 4 + 3}\\ = 36680 \times \frac{3}{10} \\ = 3668 \times 3 \\ =1100 4 \:$

Profit related more two problems,

1) https://brainly.in/question/942502

2) https://brainly.in/question/34638094