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Rakesh started a business with some mone...

Rakesh started a business with some money . After four months Ram and Shyam joined his business with investments of Rs 31500 and Rs 27000 respectively . Total profit earned at the end of year was Rs 19200. If profit received by Rakesh was Rs 7500, then find Rakesh 's investment in the business ?

A

A)27000

B

B)24000

C

C)26000

D

D)25000

Text Solution

AI Generated Solution

The correct Answer is:
To find Rakesh's investment in the business, we can follow these steps: ### Step 1: Define Variables Let Rakesh's investment be \( K \). ### Step 2: Determine Time of Investment - Rakesh invested for 12 months (1 year). - Ram and Shyam joined after 4 months, so they invested for 8 months. ### Step 3: Calculate the Effective Investment - Rakesh's effective investment = \( K \times 12 \) - Ram's investment = Rs. 31,500 for 8 months = \( 31,500 \times 8 \) - Shyam's investment = Rs. 27,000 for 8 months = \( 27,000 \times 8 \) Calculating these: - Rakesh's effective investment = \( 12K \) - Ram's effective investment = \( 31,500 \times 8 = 252,000 \) - Shyam's effective investment = \( 27,000 \times 8 = 216,000 \) ### Step 4: Calculate Total Effective Investment Total effective investment = \( 12K + 252,000 + 216,000 \) ### Step 5: Calculate Profit Shares The total profit earned at the end of the year is Rs. 19,200. Rakesh's share of the profit is Rs. 7,500. The profit share ratio is proportional to the effective investments: - Rakesh's share = \( \frac{12K}{12K + 252,000 + 216,000} \times 19,200 \) ### Step 6: Set Up the Equation We know Rakesh's profit is Rs. 7,500, so we can set up the equation: \[ \frac{12K}{12K + 468,000} \times 19,200 = 7,500 \] ### Step 7: Simplify the Equation Cross-multiplying gives: \[ 12K \times 19,200 = 7,500 \times (12K + 468,000) \] Expanding this: \[ 230,400K = 7,500 \times 12K + 7,500 \times 468,000 \] \[ 230,400K = 90,000K + 3,510,000,000 \] ### Step 8: Rearranging the Equation Rearranging gives: \[ 230,400K - 90,000K = 3,510,000,000 \] \[ 140,400K = 3,510,000,000 \] ### Step 9: Solve for K Dividing both sides by 140,400: \[ K = \frac{3,510,000,000}{140,400} = 25,000 \] ### Conclusion Rakesh's investment in the business is Rs. 25,000. ---
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