Question Details

A invest Rs. 6400 and B invest Rs. 7200 in a business. After 4 months, A withdrawal 30% of the initial investment and C join with 40% of initial investment of B. After one year, the total profit is 90000. Find the profit of A and C(in Rs.) approximate?

Options

A

48486

B

42486

C

44494

D

57640

Show Answer

Correct Answer :

Option C

44494

44494

Solution :

The correct answer is 44494.

We are given the initial investments and changes in the investments of A, B, and C over a period of one year (12 months). Let's calculate the effective investment of each person for 1 month to determine the ratio of their profits.

Step 1: Calculate the effective investment of A
Initial investment of A = Rs. 6400 for the first 4 months.
After 4 months, A withdraws 30% of his initial investment.
Amount withdrawn by A is:

30 %  of  6400 = 30 100 × 6400 = 1920
Remaining investment of A for the next 8 months is:

6400 - 1920 = 4480
Total equivalent 1-month investment for A is:

( 6400 × 4 ) + ( 4480 × 8 ) = 25600 + 35840 = 61440

Step 2: Calculate the effective investment of B
B invests Rs. 7200 for the entire 12 months.
Total equivalent 1-month investment for B is:

7200 × 12 = 86400

Step 3: Calculate the effective investment of C
C joins the business after 4 months, which means C invests for the remaining 8 months.
C's investment is 40% of B's initial investment:

40 %  of  7200 = 40 100 × 7200 = 2880
Total equivalent 1-month investment for C is:

2880 × 8 = 23040

Step 4: Determine the profit sharing ratio
The ratio of profit sharing is the ratio of their equivalent 1-month investments:

A : B : C = 61440 : 86400 : 23040
Dividing each term by 1920 to simplify:

A : B : C = 32 : 45 : 12

Step 5: Calculate the combined profit of A and C
Total sum of the ratio parts is:

32 + 45 + 12 = 89
Total profit = Rs. 90000.
The combined share of A and C is:

Share of A and C = 32 + 12 89 × 90000
= 44 89 × 90000
= 3960000 89 44494.38
Rounding to the nearest integer, the combined profit of A and C is approximately Rs. 44494.

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