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Mohan invested Rs. 100,000 in a garment ...

Mohan invested Rs. 100,000 in a garment business After few months, Sohan joined him with Rs. 40000. At the end of the year, the total profit was divided between them in ratio 3 : 1 After how many months did Sohan join the business?
A. 3
B. 2
C. 4
D. 5

A

C

B

B

C

A

D

D

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we will break it down step by step. ### Step 1: Understand the Investments Mohan invested Rs. 100,000 in the business. After a few months, Sohan joined him with Rs. 40,000. We need to determine how many months after Mohan's initial investment Sohan joined. ### Step 2: Define Variables Let’s denote the number of months Mohan invested before Sohan joined as \( X \). Therefore, Sohan joined the business after \( X \) months, and he invested for \( 12 - X \) months since the total duration of the business is one year (12 months). ### Step 3: Calculate the Profit Sharing Ratio The profit is shared in the ratio of their investments multiplied by the time they invested. - Mohan's investment: Rs. 100,000 for \( 12 \) months. - Sohan's investment: Rs. 40,000 for \( 12 - X \) months. ### Step 4: Calculate Effective Capital Contribution Now, we calculate the effective capital contribution for both: - Mohan's effective capital = \( 100,000 \times 12 = 1,200,000 \) - Sohan's effective capital = \( 40,000 \times (12 - X) \) ### Step 5: Set Up the Equation Based on Profit Sharing According to the problem, the profit is divided in the ratio of 3:1. Therefore, we can set up the equation: \[ \frac{100,000 \times 12}{40,000 \times (12 - X)} = \frac{3}{1} \] ### Step 6: Cross-Multiply to Solve for \( X \) Cross-multiplying gives us: \[ 100,000 \times 12 = 3 \times 40,000 \times (12 - X) \] \[ 1,200,000 = 120,000 \times (12 - X) \] ### Step 7: Simplify the Equation Dividing both sides by 40,000: \[ 30 = 3 \times (12 - X) \] \[ 30 = 36 - 3X \] ### Step 8: Rearrange to Solve for \( X \) Rearranging gives: \[ 3X = 36 - 30 \] \[ 3X = 6 \] \[ X = 2 \] ### Conclusion Sohan joined the business after 2 months. ### Final Answer **Option B: 2 months**
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