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Akbar and Birbal who purchased the share...

Akbar and Birbal who purchased the shares for the cost of their basic salaries which are in the ratio of 5 :6. later on company gave them 40 additional shares to each, due to which the ratio changed to 7 : 8. If the worth of each share is ₹ 75, what is the basic salary of the person who got less shares?

A

₹ 10500

B

₹ 7500

C

₹ 8800

D

₹ 9000

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will follow the given information and derive the necessary equations to find the basic salary of Akbar, who received fewer shares. ### Step 1: Define the Basic Salaries Let the basic salaries of Akbar and Birbal be represented as: - Akbar's salary = 5k - Birbal's salary = 6k ### Step 2: Calculate the Initial Investment in Shares Since they purchased shares with their salaries, the total amount spent on shares can be calculated as: - Cost of Akbar's shares = 5k - Cost of Birbal's shares = 6k ### Step 3: Determine the Number of Shares Purchased The worth of each share is given as ₹75. Therefore, the number of shares they could buy initially would be: - Number of shares Akbar bought = (5k) / 75 - Number of shares Birbal bought = (6k) / 75 ### Step 4: Add the Additional Shares Both Akbar and Birbal received 40 additional shares: - New number of shares for Akbar = (5k / 75) + 40 - New number of shares for Birbal = (6k / 75) + 40 ### Step 5: Set Up the New Ratio After receiving the additional shares, the new ratio of their shares is given as 7:8. Therefore, we can write the equation: \[ \frac{(5k / 75) + 40}{(6k / 75) + 40} = \frac{7}{8} \] ### Step 6: Cross Multiply to Solve for k Cross-multiplying gives us: \[ 8 \left( \frac{5k}{75} + 40 \right) = 7 \left( \frac{6k}{75} + 40 \right) \] Expanding both sides: \[ \frac{40k}{75} + 320 = \frac{42k}{75} + 280 \] ### Step 7: Rearranging the Equation Rearranging the equation to isolate k: \[ 40k - 42k = 280 - 320 \] \[ -2k = -40 \] \[ k = 20 \] ### Step 8: Calculate Akbar's Basic Salary Now that we have the value of k, we can find Akbar's basic salary: \[ \text{Akbar's salary} = 5k = 5 \times 20 = ₹100 \] ### Step 9: Calculate Birbal's Basic Salary To confirm, we can also calculate Birbal's basic salary: \[ \text{Birbal's salary} = 6k = 6 \times 20 = ₹120 \] ### Conclusion Since Akbar received fewer shares, his basic salary is ₹100.
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