Question Details

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’?

Options

A

267

B

217

C

247

D

307

E

311

Show Answer

Correct Answer :

Option B

217

217

Solution :

To find the approximate value of T, we can first approximate the given values to make calculations simpler:

Investment of A ≈ Rs. 8000
Investment of B ≈ Rs. 5000
Total profit ≈ Rs. 22000
Profit share of B ≈ Rs. 6000

Since the total profit is Rs. 22000 and B's profit share is Rs. 6000, we can find A's profit share as follows:

Profit share of A = Total profit - Profit share of B
Profit share of A ≈ 22000 - 6000 = Rs. 16000

The ratio of the profit shares of A and B is:

Profit of A Profit of B = 16000 6000 = 8 3

We know that the profit share ratio is equal to the ratio of the product of their investments and their respective time periods. A invested for a whole year (365 days) and B invested for (T + 2) days.

Investment of A × Time of A Investment of B × Time of B = Profit of A Profit of B

Substituting the values into the formula:

8000 × 365 5000 × ( T + 2 ) = 8 3

Simplifying the fraction on the left side:

8 × 365 5 × ( T + 2 ) = 8 3

Dividing both sides by 8:

365 5 × ( T + 2 ) = 1 3

Since 365 divided by 5 is 73:

73 T + 2 = 1 3

Cross-multiplying to solve for T:

T + 2 = 73 × 3

T + 2 = 219

T = 219 - 2

T = 217

Thus, the approximate value of T is 217.

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