Rohit and Romil purchased a plot, its value was 1,80,000. This amount is invested by both in the ratio 3:5. After some years they sold it at profit of 25%, what is the profit each of them got?
Answers
Answer:
Step-by-step explanation:
Total price : 180000
Share ratio :3:5
Profit :25% : 45000
Step by step
Total ratio parts: 3+5=8
Each part ratio share of profit : 45000/8= 5625
Now both profit seperately : 3x5625 : 5x5625
16875 :28125 Answer
Step-by-step explanation:
Solution :-
The value of a plot bought by Rohit and Romil = Rs. 1,80,000
The ratio of their investments = 3:5
Profit percentage on it = 25%
We know that
Selling Price = [(100+g)/100]×CP
=> SP = [(100+25)/100]×180000
=> SP = (125/100)×180000
=> SP = 125×1800
=> SP = Rs. 225000
Selling Price of the plot = Rs. 225000
We know that
Profit = Selling Price - Cost Price
=> Profit = 225000 - 180000
=> Profit = Rs.45000
They will get the profit according to their investments.
The ratio of their investments = 3:5
Let they be Rs. 3X and Rs. 5X
The investment of Rohit = Rs. 3X
=> Profit got by Rohit = Rs. 3X
The investment of Romil = Rs. 5X
=> profit got by Romil = Rs. 5X
Total amount invested by both of them
= 3X + 5X
= Rs. 8X
Total profit = Rs. 8X
Profit got by Rohit = (3X/8X) × 45000
= (3/8)×45000
= 3×5625
= Rs. 16875
The profit got by Romil = (5X/8X)×45000
= (5/8)×45000
= 5×5625
= Rs. 28125
Answer:-
The profits got by each of them are Rs. 16875 and Rs. 28125
Used formulae:-
→Selling Price = [(100+g)/100]×CP
→Profit = Selling Price - Cost Price
- CP = cost price
- SP = selling price
- g = gain or profit