Question
Download Solution PDFA, B and C invested ₹40,000, ₹48,000 and ₹80,000, respectively, for a business at the start of a year. After six months, for the remaining time of the year, A added ₹4,000, B added ₹4,000 while C withdrew ₹4,000 every month. If the total profit is ₹6,72,000, then what is C's share (in ₹)?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
A, B, and C invested ₹40000, ₹48000, and ₹80000, respectively
The total profit = ₹ 672000
Calculation:
After six months, for the remaining time of the year, A added ₹4000, B added ₹4000 and C withdrew ₹4000 every month.
So, (4000 × 6) + (4000 × 5) + (4000 × 4) + (4000 × 3) + (4000 × 2) + (4000 × 1) = 4000 × 21 = 84000
A : B : C = [(40000 × 12) + 84000] : [(48000 × 12) + 84000] : [(80000 × 12) - 84000]
= (480000 + 84000) : (576000 + 84000) : (960000 - 84000)
= 564000 : 660000 : 876000
= 564 : 660 : 876
The share of C = [876/(564 + 660 + 876)] × 672000
= (876/2100) × 672000
= 280320
∴ C's share is ₹ 280320
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