A, B and C started a business with investment of Rs. 12,000, Rs. 12,000 and Rs. 8,000 respectively. B invested only for ‘x’ months, while C left the business ‘x’ month before a year. If A got Rs 1800 out of annual profit of Rs 3200, then find the value of ‘x’?
Correct Answer :
4
Solution :
The correct option is 4.
Let us solve the problem step-by-step by determining the ratio of profits shared among A, B, and C based on their investment amounts and investment durations.
Step 1: Write down the investments and periods for each person.
The business runs for a total of 1 year (12 months).
- Investment of A, for months.
- Investment of B, for months.
- Investment of C, . Since C left the business x months before the year ended, C invested for months.
Step 2: Calculate the product of investment and time for each person.
- For A:
- For B:
- For C:
Step 3: Determine total equivalent investment.
Total equivalent units =
Step 4: Use A's profit share to form an equation.
We are given:
- Total profit = Rs. 3200
- A's share of profit = Rs. 1800
Therefore, the ratio of A's investment-time product to the total investment-time product is equal to the ratio of A's profit to total profit:
Simplify the right hand side:
Simplify the left hand side by dividing the numerator and denominator by 4000:
Step 5: Solve for x.
Divide both sides of the equation by 9:
Cross-multiplying gives:
Thus, the value of x is 4.
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