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.)?
Correct Answer :
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 and 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 =
C's investment duration =
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 =
B's profit share ratio =
C's profit share ratio =
The ratio of profit distribution A : B : C is:
Dividing each term by to simplify the ratio:
Let the profit shares of A, B, and C be , , and respectively. The total profit of the business after one year is Rs. 92000. Therefore:
We need to find the sum of the profits of B and C:
Sum of profit of B and C =
Substituting the value of :
Sum of profit of B and C =
Thus, the sum of the profit of B and C is Rs. 64000.
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