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Praveen started a shop investing Rs. 18,...

Praveen started a shop investing Rs. 18,000/- Six months later Naveen joined him investing RS 16,000/- If at the end of year they made a profit of Rs. 5,200/-What will be Naveen's share in it?

A

Rs. 800/-

B

Rs. 1,200/-

C

Rs 2000/-

D

Rs. 1600/-

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem of determining Naveen's share of the profit, we can follow these steps: ### Step 1: Determine the investment and time for each partner - Praveen's investment: Rs. 18,000 - Time invested by Praveen: 12 months (since he started at the beginning of the year) - Naveen's investment: Rs. 16,000 - Time invested by Naveen: 6 months (since he joined 6 months later) ### Step 2: Calculate the capital contribution in terms of "capital * time" - For Praveen: \[ \text{Capital contribution} = 18000 \times 12 = 216000 \] - For Naveen: \[ \text{Capital contribution} = 16000 \times 6 = 96000 \] ### Step 3: Find the ratio of their capital contributions - The ratio of Praveen's contribution to Naveen's contribution is: \[ \text{Ratio} = \frac{216000}{96000} = \frac{216}{96} = \frac{27}{12} = \frac{9}{4} \] ### Step 4: Assign profit shares based on the ratio - Let Praveen's share of profit be \(9x\) and Naveen's share be \(4x\). - Total profit = Rs. 5,200 - Therefore, the equation becomes: \[ 9x + 4x = 5200 \] \[ 13x = 5200 \] ### Step 5: Solve for \(x\) - Divide both sides by 13: \[ x = \frac{5200}{13} = 400 \] ### Step 6: Calculate Naveen's share - Naveen's share of the profit: \[ 4x = 4 \times 400 = 1600 \] ### Conclusion Naveen's share in the profit is **Rs. 1,600**. ---
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