A and B invested Rs 7999.99 and Rs 5000.03 in a business. A invested his amount for whole years and B invested for T+2 days. At the end of the year, the profit share of B is Rs 5999.93 out of total profit of Rs. 22000.01. Find the approximate value of ‘T’?
Correct Answer :
217
Solution :
The correct answer is 217.
We round the messy values to their nearest clean numbers for calculation:
A's investment = Rs 8000 (for a full year = 365 days)
B's investment = Rs 5000 (for T + 2 days)
B's profit share = Rs 6000
Total profit = Rs 22000
Step 1: Find B's share ratio in total profit.
B's profit ratio =
Step 2: Set up the profit-sharing equation.
In a partnership, profit is shared in the ratio of Capital × Time. So:
A's share value =
B's share value =
B's fraction of total profit is:
Step 3: Cross-multiply and solve.
Let
Step 4: Find T.
Therefore, the approximate value of T = 217 days.
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