Home
Class 14
MATHS
Ajay started a business investing X 2500...

Ajay started a business investing X 25000.After 3 months, Vijay joined him with a capital of X 30000. At the end of the year, they made a profit of X 38000. What will be the Ajay's share in the profit?

A

? 10000

B

? 18000

C

? 15000

D

? 20000

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we need to determine Ajay's share of the profit based on their investments and the time each partner was involved in the business. ### Step 1: Determine the capital invested by each partner and the duration of their investment. - **Ajay's Investment**: X 25,000 for 12 months. - **Vijay's Investment**: X 30,000 for 9 months (since he joined after 3 months). ### Step 2: Calculate the effective capital contribution for each partner. The effective capital contribution can be calculated by multiplying the amount invested by the time (in months) it was invested. - **Ajay's Contribution**: \[ 25,000 \times 12 = 300,000 \] - **Vijay's Contribution**: \[ 30,000 \times 9 = 270,000 \] ### Step 3: Calculate the total capital contribution. - **Total Contribution**: \[ 300,000 + 270,000 = 570,000 \] ### Step 4: Determine the profit-sharing ratio. The profit-sharing ratio is based on the effective capital contributions of Ajay and Vijay. - **Ajay's Share**: \[ \text{Ajay's Share} = 300,000 \] - **Vijay's Share**: \[ \text{Vijay's Share} = 270,000 \] - **Profit-sharing Ratio**: \[ \text{Ratio} = 300,000 : 270,000 = 10 : 9 \] ### Step 5: Calculate Ajay's share of the profit. The total profit made at the end of the year is X 38,000. We will now calculate Ajay's share based on the profit-sharing ratio. - **Ajay's Share of Profit**: \[ \text{Ajay's Share} = \frac{10}{10 + 9} \times 38,000 = \frac{10}{19} \times 38,000 \] Calculating Ajay's share: \[ \text{Ajay's Share} = \frac{10 \times 38,000}{19} = \frac{380,000}{19} \approx 20,000 \] ### Final Answer: Ajay's share in the profit is X 20,000. ---
Promotional Banner

Topper's Solved these Questions

  • PARTNERSHIP

    ARIHANT SSC|Exercise EXERCISE HIGHER SKILL LEVEL QUESTIONS|16 Videos
  • PARTNERSHIP

    ARIHANT SSC|Exercise MULTI CONCEPT QUESTIONS|2 Videos
  • NUMBER SYSTEM

    ARIHANT SSC|Exercise HIGHER SKILL LEVEL QUESTIONS|43 Videos
  • PERCENTAGE

    ARIHANT SSC|Exercise Higher Skill Level Questions|27 Videos

Similar Questions

Explore conceptually related problems

Amit started a business investing Rs.25000. After 3 months, Vinay joined him with a capital of Rs.30000. At the end of the year, they make a profit of Rs.19000. What will be Amit's share in the profit?

A started a business investing Rs.35000. After 6 months, B joined him with a capital of Rs.60000. At the end of the year, the total profit was Rs. 26000. What will be the difference between the share of profit of A and B?

A started a business investing Rs.35,000. After six months B joined him with a capital of Rs. 60,000. At the end of the year the total profit was Rs. 26,000. What will be the difference between the share of profits of A and B ?

Subhash starts a business by investing Rs. 25000. 6 months later Aditya joins him by investing Rs. 15000. After another 6 months Aditya invests an additional amount of Rs. 15000. At the end of 3 years they earn a profit of Rs. 247000. What is Aditya's share in the profit? R s .105000 b. R s .111500 c. R s .123000 d. R s .130000 e. none of these

Alfred started a business investing R s.45000 . After 3 months,Peter joined him with a capital of Rs.60000. After another 6 months,Ronald joined then with a capital or Rs.90000. At the end of the year,they made a profit of R.s 16500. Find the share of each.

ARIHANT SSC-PARTNERSHIP -EXERCISE © BASE LEVEL QUESTIONS
  1. A starts a business with X 9000 and B joins him after 6 months with an...

    Text Solution

    |

  2. X starts a business with X 30000 and Y joins him after 3 months with X...

    Text Solution

    |

  3. Ajay started a business investing X 25000.After 3 months, Vijay joined...

    Text Solution

    |

  4. Ram, Shyam and Kamal together start a business in partnership .The rat...

    Text Solution

    |

  5. Rakesh, Dinesh and Mahes start a business by investing X 5000, X 8000 ...

    Text Solution

    |

  6. A starts a business with X 4000. B joins him after 3 months with X 800...

    Text Solution

    |

  7. A and B invest in the ratio of 3:5, respectively.After 6 months, C ent...

    Text Solution

    |

  8. Reena, Reema and Meera take a car on rent and they use that car for 14...

    Text Solution

    |

  9. Pinky , Rinku and Tanku divide an amount of X 4200 amongst themselves ...

    Text Solution

    |

  10. P, Q and R start a business jointly. Twice the capital of P is equal t...

    Text Solution

    |

  11. P,Q and R are three partners in a business. If Ps capital is equal to ...

    Text Solution

    |

  12. P,Q and R start a business P invests 3 times as much as Q invests and ...

    Text Solution

    |

  13. Ramesh and Priya started a business initially with X 5100 and X 6600, ...

    Text Solution

    |

  14. M,N and P invest X 50000 for a business M invests X 4000 more than N a...

    Text Solution

    |

  15. P,Q and R hire a meadow for X2920. P puts 10 cows for 20 days, Q puts ...

    Text Solution

    |

  16. Four milkmen rented a pasture . A grazed 18 cows for 4 montsh, B graze...

    Text Solution

    |

  17. A,B and C enter into a partnership.A invests some amount at the beginn...

    Text Solution

    |

  18. A,B and C together start a business. B invests 1//6 of the total capit...

    Text Solution

    |

  19. A and B invest in a business in the ratio of 3:2. If 5% of the total p...

    Text Solution

    |

  20. A and B together start a business by investing in the ratio of 4:3.If ...

    Text Solution

    |