sweta,piyush and nachiket together invested 80000 rupees and started a business of selling sheet and towels from solapur.Sweta's share of the capital was 30000 ruppees and Piyush's 12000.At the end of the year they had made a profit of 24%.What was nachiket's investment and what was his share of the profit
Answers
80,000 - 42,000= 38,000
this is the nachiket 's investments
divide 24% into 3 = 8%
then add 8% of 38,000 to itself
= 41,040
this is the share of the profit
Answer:
Nachiket’s investment and his share of the profit are 38000 and 9120 rupees respectively.
Step-by-step explanation:
Total investment = Rs.80000
Shweta’s investment= Rs. 30000
Piyush’s investment = Rs.12000
Nachiket’s investement = Total investment − (Shweta’s investment + Piyush’s investment)
= 80000 − (30000 + 12000)
= 80000 − 42000
= 38000 rupees
So, The ratio of Shweta's, Piyush's and Nachiket's investment is given by
=30000:12000:38000
= 15:6:19
Now we are given that they made a profit of 24%
Now, Profit =
= 19200 rupees
Nachiket’s share of the profit :
=
=
= 9120 rupees
Hence, Nachiket’s investment and his share of the profit are 38000 and 9120 rupees respectively.