Suresh and Ramesh together invested 144000 rupees in the ratio 4 is to 5 and both the plot of land after some years they saw 8 at a profit of 20% what is the profit each of them got
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Solution :-
Cost price of the plot of land = 144000
Profit percent on sale = 20 %
Total profit on sale of plot of land in rupees = (144000*20)/100
= Rs. 28800
So, they both sold the plot of land at a profit of Rs. 28800
Profit sharing ratio of Suresh and Ramesh = 4 : 5
Sum of ratios = 4 + 5 = 9
Suresh's share in profit = (4*28800)/9
= 115200/9
= Rs. 12800
Ramesh's share in profit = (5*28800)/9
= 144000/9
= Rs. 16000
So, Suresh will get Rs. 12800 and Ramesh will get Rs. 16000 out of total profit.
Answer.
Cost price of the plot of land = 144000
Profit percent on sale = 20 %
Total profit on sale of plot of land in rupees = (144000*20)/100
= Rs. 28800
So, they both sold the plot of land at a profit of Rs. 28800
Profit sharing ratio of Suresh and Ramesh = 4 : 5
Sum of ratios = 4 + 5 = 9
Suresh's share in profit = (4*28800)/9
= 115200/9
= Rs. 12800
Ramesh's share in profit = (5*28800)/9
= 144000/9
= Rs. 16000
So, Suresh will get Rs. 12800 and Ramesh will get Rs. 16000 out of total profit.
Answer.
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