Question
Download Solution PDFA and B entered into a partnership with certain investments. At the end of 8 months, A withdrew and collected back his money. A and B received profit in the ratio 5 ∶ 9 at the end of the year. If B had invested Rs. 36,000, then how much (in Rs.) had A invested?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven data:
Profit ratio = 5 : 9
Investment of B = Rs 36,000
Time for which B invested = 12
Time for which A invested = 8
Formula used:
Total profit = Investment × time
Calculation:
Total investment of A = A × 8
Total investment of B = 36,000 × 12 = 432,000
Ratio = 8A : 432,000
⇒ \(8A \over 432,000\) = \(5\over 9\)
⇒ A = \(432,000\times 5\over 72\) = Rs 30,000
∴ The total investment of A is Rs 30,000.
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