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A started business with Rs. 600 and B wi...

A started business with Rs. 600 and B with Rs. 900. After 5 months B left and C joined with capital Rs. 600 less than B. If at the end of year profit of C was Rs 3500, then find the total profit at the end of year.

A

Rs. 46000

B

Rs. 36000

C

Rs. 28000

D

Rs. 23000

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, let's break it down: ### Step 1: Determine the initial investments and time periods - A started with Rs. 600. - B started with Rs. 900. - B left after 5 months, meaning B's investment was for 5 months. - C joined with Rs. 300 (Rs. 900 - Rs. 600) for the remaining 7 months (from month 6 to month 12). ### Step 2: Calculate the capital contribution in terms of "capital-months" - A's contribution: - For 12 months: \( 600 \times 12 = 7200 \) capital-months. - B's contribution: - For 5 months: \( 900 \times 5 = 4500 \) capital-months. - C's contribution: - For 7 months: \( 600 \times 7 = 4200 \) capital-months. ### Step 3: Calculate the total capital-months - Total capital-months = A's contribution + B's contribution + C's contribution - Total capital-months = \( 7200 + 4500 + 4200 = 15900 \) capital-months. ### Step 4: Determine the profit-sharing ratio - A's share = 7200 / 15900 - B's share = 4500 / 15900 - C's share = 4200 / 15900 ### Step 5: Calculate the total profit based on C's profit - We know that C's profit is Rs. 3500, which corresponds to his share of the total profit. - To find the total profit, we first need to find the value of one part of the profit. ### Step 6: Calculate the total parts in the profit-sharing ratio - Total parts = A's share + B's share + C's share - Total parts = \( \frac{7200}{15900} + \frac{4500}{15900} + \frac{4200}{15900} = \frac{7200 + 4500 + 4200}{15900} = \frac{15900}{15900} = 1 \) (This indicates the total profit is divided into these parts). ### Step 7: Calculate the value of one part - If C's share corresponds to Rs. 3500, we can find the total profit by determining how many parts C's profit represents. - C's share in parts = \( \frac{4200}{15900} \) of the total profit. - Let the total profit be \( P \). - Then, \( \frac{4200}{15900} \times P = 3500 \). ### Step 8: Solve for total profit - Rearranging gives us \( P = 3500 \times \frac{15900}{4200} \). - Simplifying \( \frac{15900}{4200} \) gives us \( \frac{159}{42} = \frac{53}{14} \). - Thus, \( P = 3500 \times \frac{53}{14} \). ### Step 9: Calculate the total profit - \( P = 3500 \times \frac{53}{14} = 3500 \times 3.7857 \approx 13250 \). ### Final Step: Conclusion - The total profit at the end of the year is approximately Rs. 23,000.

To solve the problem step by step, let's break it down: ### Step 1: Determine the initial investments and time periods - A started with Rs. 600. - B started with Rs. 900. - B left after 5 months, meaning B's investment was for 5 months. - C joined with Rs. 300 (Rs. 900 - Rs. 600) for the remaining 7 months (from month 6 to month 12). ...
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