Question Details

X and Y started a business by investing ₹60,000 and ₹90,000 respectively. After 6 months, X doubled his capital, while Y reduced his capital by ₹30,000. If the total annual profit is ₹62,000, what is Y's share(to the nearest integer)?

Options

A

₹28,182

B

₹30,105

C

₹33,000

D

₹35,512

Show Answer

Correct Answer :

Option A

₹28,182

Solution :

The correct option is ₹28,182.

To find Y's share of the total annual profit, we need to calculate the effective investment of both X and Y over the period of one year (12 months).

Step 1: Calculate X's total investment for 12 months
For the first 6 months, X invested ₹60,000.
After 6 months, X doubled his capital, so his new investment becomes:
60,000×2=1,20,000
This capital remained for the remaining 6 months.
Total effective investment of X for 1 year:
=(60,000×6)+(1,20,000×6)
=3,60,000+7,20,000=10,80,000

Step 2: Calculate Y's total investment for 12 months
For the first 6 months, Y invested ₹90,000.
After 6 months, Y reduced his capital by ₹30,000, so his new investment becomes:
90,000-30,000=60,000
This capital remained for the remaining 6 months.
Total effective investment of Y for 1 year:
=(90,000×6)+(60,000×6)
=5,40,000+3,60,000=9,00,000

Step 3: Find the ratio of profit sharing between X and Y
Ratio of Investment (X : Y):
=10,80,000:9,00,000
Dividing both sides by 1,80,000:
=6:5

Step 4: Calculate Y's share in the total profit of ₹62,000
Sum of ratio parts = 6 + 5 = 11
Y's Share:
=511×62,000
=3,10,00011
28,181.818...

Rounding to the nearest integer, Y's share is ₹28,182.

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