Question Details

A and B entered into a partnership and invested their respective amounts in the ratio of 2: 1. C and D entered into another partnership with initial investment ratio of 2: 1. Total investment of A and B was 25% less than that of C and D. If total profit of all 4 person at the end of year is Rs.10500, then find profit of A.

Options

A

Rs.2000

B

Rs.1500

C

Rs.3000

D

Rs.4000

E

Rs.3600

Show Answer

Correct Answer :

Option C

Rs.3000

Solution :

The correct option is Rs.3000.

Let's find the profit share of A step-by-step:

Step 1: Set up the total investments of the two partnerships.
Let the total investment of C and D be 100x.
Since the total investment of A and B is 25% less than that of C and D, we have:
Total investment of A and B=100x-25% of 100x=75x

Step 2: Calculate the individual investments of A, B, C, and D.
The investment ratio of A and B is 2 : 1. Therefore:
Investment of A=22+1×75x=23×75x=50x
Investment of B=12+1×75x=13×75x=25x
The investment ratio of C and D is also 2 : 1. Therefore:
Investment of C=22+1×100x=2003x
Investment of D=12+1×100x=1003x

Step 3: Determine the profit-sharing ratio among all four partners.
Since all four partners invested for the same duration (1 year), their profit-sharing ratio is directly proportional to their individual investments:
Ratio of profit shares (A : B : C : D)=50x:25x:2003x:1003x
Multiplying the entire ratio by 3 and dividing by x to simplify:
A : B : C : D=150:75:200:100
Dividing by 25 to simplify further:
A : B : C : D=6:3:8:4

Step 4: Calculate the profit of A.
Sum of the ratio parts:
6+3+8+4=21 units
Given that the total profit is Rs. 10500:
21 units=Rs. 10500
1 unit=1050021=Rs. 500
Since A's share is 6 units:
Profit of A=6×500=Rs. 3000

Unlock Our Free Library

Access expert-curated educational resources and study materials—completely free.

Discover more resources

You may also like

Mock Tests

View All
  • CTET
  • intermediate
  • No time limit
  • child development and pedagogy, mathematics, social science

  • SSC
  • intermediate
  • 2 hours and 30 mins
  • child development and pedagogy, mathematics, social science

Ask AI Tutor
5 left
Q1 View Question & Options
AI Tutor is solving this question...
Reading question context & options...