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Simran started a software business by in...

Simran started a software business by investing Rs. 50,000. After six months, Nanda joined her with a capital of Rs. 80,000. After 3 years, they earned a profit of Rs. 24,500. What was Simran's share in the profit ?

A

A) 10110

B

B) 10500

C

C) 12000

D

D) 13000

Text Solution

AI Generated Solution

The correct Answer is:
To find Simran's share in the profit, we need to calculate the effective capital contribution of both Simran and Nanda over the time they invested in the business. Here's a step-by-step solution: ### Step 1: Calculate Simran's Investment Contribution Simran invested Rs. 50,000 for 3 years (36 months). \[ \text{Simran's contribution} = \text{Investment} \times \text{Time} = 50,000 \times 36 = 1,800,000 \] ### Step 2: Calculate Nanda's Investment Contribution Nanda joined after 6 months, so she invested her capital for 2.5 years (30 months). \[ \text{Nanda's contribution} = \text{Investment} \times \text{Time} = 80,000 \times 30 = 2,400,000 \] ### Step 3: Calculate the Total Contribution Now, we add both contributions to find the total contribution: \[ \text{Total Contribution} = \text{Simran's contribution} + \text{Nanda's contribution} = 1,800,000 + 2,400,000 = 4,200,000 \] ### Step 4: Calculate the Ratio of Contributions Now we find the ratio of Simran's contribution to Nanda's contribution: \[ \text{Ratio} = \frac{\text{Simran's contribution}}{\text{Nanda's contribution}} = \frac{1,800,000}{2,400,000} = \frac{3}{4} \] ### Step 5: Calculate Simran's Share in Profit The total profit earned is Rs. 24,500. To find Simran's share, we use the ratio calculated in the previous step. \[ \text{Simran's Share} = \frac{3}{3 + 4} \times 24,500 = \frac{3}{7} \times 24,500 \] Calculating this gives: \[ \text{Simran's Share} = \frac{3 \times 24,500}{7} = \frac{73,500}{7} = 10,500 \] ### Final Answer Simran's share in the profit is Rs. 10,500. ---
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