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
Answers
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.