Question Details

A and B started a business in the ratio of 7 : 9 respectively and after six months, C joined the business with two times of the capital of A. After one year, the total profit of the business is Rs. 92000. Find the sum of profit of B and C (in Rs.)?

Options

A

60000

B

64000

C

48000

D

56000

Show Answer

Correct Answer :

Option B

64000

64000

Solution :

The correct option is 64000.

To find the sum of the profit shares of B and C, we first need to determine the ratio in which the total profit is distributed among A, B, and C. In a partnership, the profit share is proportional to the product of the capital invested and the time period of the investment.

Let the initial capitals invested by A and B be 7x and 9x respectively.
Since A and B started the business, they invested their capitals for the entire year (12 months).
C joined after 6 months with twice the capital of A. Therefore:
C's capital = 2×7x=14x
C's investment duration = 126=6 months

Now, we calculate the profit-sharing ratio of A, B, and C by multiplying their respective capital by their investment time:
A's profit share ratio = 7x×12=84x
B's profit share ratio = 9x×12=108x
C's profit share ratio = 14x×6=84x

The ratio of profit distribution A : B : C is:
84x:108x:84x
Dividing each term by 12x to simplify the ratio:
A:B:C=7:9:7

Let the profit shares of A, B, and C be 7k, 9k, and 7k respectively. The total profit of the business after one year is Rs. 92000. Therefore:
7k+9k+7k=92000
23k=92000
k=9200023=4000

We need to find the sum of the profits of B and C:
Sum of profit of B and C = 9k+7k=16k
Substituting the value of k:
Sum of profit of B and C = 16×4000=64000

Thus, the sum of the profit of B and C is Rs. 64000.

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...