Suresh and Ramesh together invested 144000 rupees in the ratio 4:5 and bought a plot of land.after some years they sold it at a profit of 20%. What is the profit each of them got?
Answers
Answered by
1
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
Answered by
3
Answer:
let the common multiple be x
4x+5x=144000
9x=144000
x=144000/9
x=16000
therefore
suresh investment is 4x=4×16000=64000
ramesh investment is 5x=5×16000=80000
profit
144000×20/100=28800
selling prize
144000+28800=172800
Similar questions