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Ravi, Anand and Pranay are running a bus...

Ravi, Anand and Pranay are running a business firm in partnership. What is Anand's share in the profit earned by them? a. Ravi, Anand and Pranay invested the amounts in the ratio of 2 : 4 : 7. b. Pranay's share in the profit is Rs. 8750.

A

A) Only a is sufficient

B

B) Neither a nor b is sufficient

C

C) Only b is sufficient

D

D) Both a and b sufficient

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AI Generated Solution

The correct Answer is:
To find Anand's share in the profit earned by Ravi, Anand, and Pranay, we can follow these steps: ### Step 1: Understand the Investment Ratios The investments of Ravi, Anand, and Pranay are in the ratio of 2:4:7. This means: - Ravi's investment = 2 parts - Anand's investment = 4 parts - Pranay's investment = 7 parts ### Step 2: Calculate the Total Parts To find the total parts of investment, we sum the parts: Total parts = 2 + 4 + 7 = 13 parts ### Step 3: Determine Pranay's Share of Profit We know that Pranay's share in the profit is Rs. 8750. Since Pranay's investment corresponds to 7 parts, we can set up the following proportion to find the total profit (P): - Pranay's share = (Pranay's parts / Total parts) * Total profit - 8750 = (7 / 13) * P ### Step 4: Solve for Total Profit (P) To find the total profit (P), we rearrange the equation: P = 8750 * (13 / 7) Calculating this gives: P = 8750 * (13 / 7) = 8750 * 1.8571 ≈ 16250 ### Step 5: Calculate Anand's Share of Profit Now that we have the total profit, we can find Anand's share. Anand's investment corresponds to 4 parts: - Anand's share = (Anand's parts / Total parts) * Total profit - Anand's share = (4 / 13) * 16250 Calculating this gives: Anand's share = (4 / 13) * 16250 = 5000 ### Conclusion Anand's share in the profit is Rs. 5000. ---
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