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U and V started a business by investing ...

U and V started a business by investing amounts Rs 184000 and Rs 224000respectively. If U’s share in the profit received at the end of year is Rs 20700,then what will be the total profit (in Rs)earned by them together?

A

43200

B

45900

C

52300

D

56400

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we can follow these calculations: ### Step 1: Determine the investment ratio of U and V U's investment = Rs 184,000 V's investment = Rs 224,000 To find the ratio of their investments, we can express it as: \[ \text{Ratio of U to V} = \frac{184000}{224000} \] ### Step 2: Simplify the investment ratio We can simplify the ratio: \[ \text{Ratio} = \frac{184}{224} = \frac{23}{28} \] Thus, the investment ratio of U to V is 23:28. ### Step 3: Find the total parts in the ratio The total parts in the ratio = 23 + 28 = 51 parts. ### Step 4: Determine U's share in the profit From the problem, we know that U's share in the profit is Rs 20,700. Since U's share corresponds to 23 parts of the total profit, we can set up the equation: \[ \text{U's share} = \frac{23}{51} \times \text{Total Profit} \] Let Total Profit be \( P \): \[ 20700 = \frac{23}{51} \times P \] ### Step 5: Solve for Total Profit (P) To find \( P \), we can rearrange the equation: \[ P = 20700 \times \frac{51}{23} \] ### Step 6: Calculate the Total Profit Now, we can compute \( P \): \[ P = 20700 \times \frac{51}{23} = 20700 \times 2.217391304347826 = 45900 \] ### Conclusion The total profit earned by U and V together is Rs 45,900.
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