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?
Correct Answer :
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Amount withdrawn by A is:
Remaining investment of A for the next 8 months is:
Total equivalent 1-month investment for A is:
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:
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:
Total equivalent 1-month investment for C is:
Step 4: Determine the profit sharing ratio
The ratio of profit sharing is the ratio of their equivalent 1-month investments:
Dividing each term by 1920 to simplify:
Step 5: Calculate the combined profit of A and C
Total sum of the ratio parts is:
Total profit = Rs. 90000.
The combined share of A and C is:
Rounding to the nearest integer, the combined profit of A and C is approximately Rs. 44494.
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