Economy, asked by amazinganu9925, 1 year ago

Satish started a business investing 5000/-four months later jagan joined the business by investing 9000/- if the profit at the end of the year was 22000/- find the profit of jagan

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Answered by maryamkincsem
0

Satish started a business investing 5000/-four months later jagan joined the business by investing 9000/- if the profit at the end of the year was 22000/- find the profit of jagan.


Lets suppose Satish started investing in January 2010.

Then he invested 5000 every 4 months. Making his total investment as 12 months/4, i.e. 3. That means he invested 3 times in that one year.

3 times 5000, is Rs.15000, in total.


Jagan joined later, by investing 9000.

Their profit sharing ratio is not provided, so lets assume they both were sharing profit on 50-50 basis.


total profit was 22000.

total investment was 15,000+9000 =24000


If profit is shared at 50%, then jagans profit would be 12,000.


However, if the profit was shared on the basis of ratio of investment. Then look at the following,


satish: Jagan

15000:9000

this becomes

5:3


so jagans profit would be 3/8 into 22,000.

Making his profit 8,250.

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