Question

two friends ramesh and ahmed together bought a farm for rs 10000 with ramesh oaying 40%the farm price and ahmed paying the rest. they later sold the farm at a profit 20%and shared the proceeds in proportion to their investment how much ahmed gets

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Answer 1

Answer:

72007200

Step-by-step explanation:

20% of 10000= 2000

selling price of farm= 10000+ 2000=12000

40% 12000= 4800 which ramesh gets

rest= 12000-4800= 7200 which ahmed gets

Step-by-step explanation:

Answer 2

Answer:

Concept:

Mathematicians use the profit and loss formula to calculate market prices for goods and to assess how lucrative a company is. There is a selling price and a cost price for every goods. We can determine the profit made or loss suffered for a certain product based on the values of these prices. Cost price, fixed, variable, and semi-variable costs, selling price, marked price, list price, margin, etc. are some of the keywords that are addressed in this article.

Step-by-step explanation:

Given:

Two friends Ramesh and Ahmed together bought a farm for Rs 10000

Ramesh paid 40%the farm price and Ahmed paid the rest.  

They later sold the farm at a profit of 20%

Find:

How much does Ahmed get

Solution:

Ramesh paid 40% i.e., 4000

Ahmed paid 60% i.e., 6000

They later sold the farm for 20% profit i.e., 12000

                                     

Ramesh's share of 40 % in 12000 is 4800.

Ahmed's share of 60% in 12000 is 7200.

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