Question Details

R and S started a business by investing Rs 20000 and Rs (20000+y), respectively. After six months, S withdrew 30% of his initial investment. At the end of the year, the total profit was Rs 13200, and the profit share of S was Rs 6800. Find the value of 3y.

Options

A

5000

B

15000

C

10000

D

1500

Show Answer

Correct Answer :

Option B

15000

Solution :

The correct answer is 15000.

Let's find the value of y and then calculate 3y step-by-step.

Step 1: Understand the investments and their time periods
R's investment is Rs 20000 for the entire year (12 months).
S's initial investment is Rs (20000+y).
For the first 6 months, S's investment is Rs (20000+y).
After 6 months, S withdraws 30% of his initial investment. Therefore, the remaining investment of S for the next 6 months is:
70% of (20000+y)=0.7(20000+y)

Step 2: Calculate the ratio of equivalent investments for 1 month
The equivalent investment of R for 1 month is:
IR=20000×12=240000
The equivalent investment of S for 1 month is:
IS=(20000+y)×6+0.7(20000+y)×6
Factoring out 6(20000+y):
IS=6(20000+y)(1+0.7)=6(20000+y)(1.7)=10.2(20000+y)

Step 3: Relate the investment ratio to the profit ratio
The total profit at the end of the year is Rs 13200.
The profit share of S is Rs 6800.
Therefore, the profit share of R is:
13200-6800=6400
The ratio of profits is equal to the ratio of their equivalent investments:
ISIR=Profit of SProfit of R
Substituting the values:
10.2(20000+y)240000=68006400

Step 4: Solve for y
Simplify the profit ratio:
68006400=6864=1716
Now set up the equation:
10.2(20000+y)240000=1716
Multiply both sides by 240000:
10.2(20000+y)=1716×240000
Since 240000/16=15000:
10.2(20000+y)=17×15000
10.2(20000+y)=255000
Divide by 10.2:
20000+y=25500010.2
20000+y=25000
y=25000-20000=5000

Step 5: Find the value of 3y
We need to find the value of 3y:
3y=3×5000=15000

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