Question
Download Solution PDFA and B started a business jointly. A's investment was thrice the investment of B and the period of his investment was two times the period of investment of B. If B received Rs. 4000 as profit, then their total profit is -
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFFormula used :
Profit = Investment × Time
Solution :
Let B invests Rs x for y months.
Then according to the question :
Investment of A = 3x and time of investment = 2y months.
Ratio of profits of A to B :
⇒ PA : PB = (3x × 2y) : xy
⇒ PA : PB = 6 : 1
But according to the question :
B's profit = Rs 4000
Now, 1 unit = Rs 4000
So, 6 unit = 4000 × 6 = Rs 24000
Required total profit : Rs (24000 + 4000)
⇒ Rs 28000
Hence the correct answer is "Rs 28000".
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