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Investment made by A and C is 40 % less ...

Investment made by A and C is 40 % less and 60 % more than that of B respectively and ratio of period of investment of A,B and C are `3:2:1` . If average of their profit is Rs 21600 then find difference between A's and C's profit share (in Rs).

A

A)2400

B

B)2000

C

C)1800

D

D)2600

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we will follow these steps: ### Step 1: Determine the investments of A, B, and C. Let the investment of B be \( B = 100 \) units (this is a convenient choice to simplify calculations). - A's investment is 40% less than B's: \[ A = B - 0.4B = 100 - 40 = 60 \text{ units} \] - C's investment is 60% more than B's: \[ C = B + 0.6B = 100 + 60 = 160 \text{ units} \] ### Step 2: Write the ratio of investments. The investments of A, B, and C can be summarized as: \[ A : B : C = 60 : 100 : 160 \] To simplify, we can divide each term by 20: \[ A : B : C = 3 : 5 : 8 \] ### Step 3: Determine the ratio of time periods. The ratio of the time periods of investment for A, B, and C is given as: \[ A : B : C = 3 : 2 : 1 \] ### Step 4: Calculate the overall profit ratio. The overall profit is determined by multiplying the investment by the time period for each person. - For A: \[ \text{Profit of A} = 3 \times 3 = 9 \text{ units} \] - For B: \[ \text{Profit of B} = 5 \times 2 = 10 \text{ units} \] - For C: \[ \text{Profit of C} = 8 \times 1 = 8 \text{ units} \] Thus, the profit ratio is: \[ A : B : C = 9 : 10 : 8 \] ### Step 5: Calculate the average profit. The total profit units are: \[ 9 + 10 + 8 = 27 \text{ units} \] The average profit per person is: \[ \text{Average profit} = \frac{27}{3} = 9 \text{ units} \] ### Step 6: Relate average profit to the given value. We know the average profit is Rs 21,600, which corresponds to 9 units: \[ 1 \text{ unit} = \frac{21600}{9} = 2400 \text{ Rs} \] ### Step 7: Calculate the profit shares. Now, we can find the profit shares: - A's profit: \[ \text{Profit of A} = 9 \text{ units} \times 2400 = 21600 \text{ Rs} \] - C's profit: \[ \text{Profit of C} = 8 \text{ units} \times 2400 = 19200 \text{ Rs} \] ### Step 8: Find the difference between A's and C's profit share. The difference between A's and C's profit share is: \[ \text{Difference} = \text{Profit of A} - \text{Profit of C} = 21600 - 19200 = 2400 \text{ Rs} \] ### Final Answer: The difference between A's and C's profit share is **Rs 2400**. ---
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