Sushma and Harika started a business with investments of Rs.4500 and Rs.5500, respectively. After 6 months, Sai joined them with an investment of Rs.7000. Find the total share of Sushma and Harika in the annual profit of Rs.27,000.
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Step-by-step explanation:
We know,
profit=investment×time
Totalprofit=Rs.27,000
The ratio of investments is equal to the ratio of points.
Sushma:Harika:Sai=4500×12:5500×12:7000×6
=45×2:55×2:70
=90:110:70
=9:11:7
We know that Profit=Rs.27,000
Let 9k+11k+7k=27,000
⇒27k=27,000
⇒k=1,000
Total share of Sushma and Harika in the annual profit is
=9k+11k=20k=20×1,000=Rs.20,000
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