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Ramesh and Priya started a business init...

Ramesh and Priya started a business initially with X 5100 and X 6600, respectively. Investments done by both the persons are for different times periods. If the total profit is X 5460, what is the profit of Ramesh?

A

X 1530

B

X 1600

C

X 1400

D

Data inadequate

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we need to determine the profit share of Ramesh based on his investment and the total profit. However, since the time periods of their investments are not provided, we cannot accurately calculate the profit share. Here's a step-by-step breakdown of the reasoning: ### Step-by-Step Solution: 1. **Identify Initial Investments**: - Ramesh's investment = ₹5100 - Priya's investment = ₹6600 2. **Total Profit**: - Total profit = ₹5460 3. **Understanding Profit Sharing**: - Profit sharing in a partnership is typically based on the ratio of their investments and the time period for which the investments are made. 4. **Lack of Time Period Information**: - The problem states that Ramesh and Priya invested for different time periods, but it does not provide the actual time periods. - Without knowing how long each person invested their money, we cannot determine the effective contribution of each to the total profit. 5. **Conclusion**: - Since we lack the necessary information (the time periods of the investments), we cannot calculate Ramesh's share of the profit. - Therefore, the answer is that the data is insufficient to determine Ramesh's profit. ### Final Answer: - The profit of Ramesh cannot be determined due to insufficient data regarding the time periods of investment.
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ARIHANT SSC-PARTNERSHIP -EXERCISE © BASE LEVEL QUESTIONS
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