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.
Correct Answer :
15000
Solution :
The correct answer is 15000.
Let's find the value of and then calculate step-by-step.
Step 1: Understand the investments and their time periods
R's investment is Rs for the entire year (12 months).
S's initial investment is Rs .
For the first 6 months, S's investment is Rs .
After 6 months, S withdraws 30% of his initial investment. Therefore, the remaining investment of S for the next 6 months is:
Step 2: Calculate the ratio of equivalent investments for 1 month
The equivalent investment of R for 1 month is:
The equivalent investment of S for 1 month is:
Factoring out :
Step 3: Relate the investment ratio to the profit ratio
The total profit at the end of the year is Rs .
The profit share of S is Rs .
Therefore, the profit share of R is:
The ratio of profits is equal to the ratio of their equivalent investments:
Substituting the values:
Step 4: Solve for y
Simplify the profit ratio:
Now set up the equation:
Multiply both sides by :
Since :
Divide by :
Step 5: Find the value of 3y
We need to find the value of :
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