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Krishnamurthy started business investing...

Krishnamurthy started business investing Rs 6000. Three months later Madhavan joined him investing Rs 4000. If they make a profit of Rs 5100 at the end of the year, how much should be Madhavan's share ?

A

Rs 1700

B

Rs 1400

C

Rs 1300

D

Rs 1732.75

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will calculate Madhavan's share of the profit based on their investments and the time they invested in the business. ### Step 1: Determine the time of investment for each partner - Krishnamurthy invested Rs. 6000 for 12 months. - Madhavan joined 3 months later, so he invested Rs. 4000 for 9 months. ### Step 2: Calculate the capital months for each partner - For Krishnamurthy: \[ \text{Capital Months} = \text{Investment} \times \text{Time} = 6000 \times 12 = 72000 \] - For Madhavan: \[ \text{Capital Months} = \text{Investment} \times \text{Time} = 4000 \times 9 = 36000 \] ### Step 3: Find the ratio of their investments - The ratio of their capital months is: \[ \text{Krishnamurthy : Madhavan} = 72000 : 36000 \] - Simplifying this ratio: \[ = 2 : 1 \] ### Step 4: Determine the total profit and the profit share ratio - The total profit made at the end of the year is Rs. 5100. - Since the investment ratio is the same as the profit ratio, we can denote: - Let Krishnamurthy's share of profit be \(2x\) - Let Madhavan's share of profit be \(x\) ### Step 5: Set up the equation for total profit - The equation based on their shares is: \[ 2x + x = 5100 \] \[ 3x = 5100 \] ### Step 6: Solve for \(x\) - Dividing both sides by 3: \[ x = \frac{5100}{3} = 1700 \] ### Step 7: Determine Madhavan's share - Since Madhavan's share is \(x\): \[ \text{Madhavan's share} = 1700 \] ### Final Answer Madhavan's share of the profit is Rs. 1700. ---
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