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Ankit ,Yogesh and Mahesh enter into a pa...

Ankit ,Yogesh and Mahesh enter into a partnership business .Ankit invested 12000 Rs for the whole year , Yogesh invested 16000 Rs first and after of 4 month invested 4000 Rs more and Mahesh invested 15000 for first 9 months withdraw Rs 3000 after 9 months , if at the end of year Yogesh gets total profit of Rs 11200, then find the sum of total profit of Ankit and Mahesh . (in Rs)

A

A)15110

B

B)15250

C

C)15570

D

D)15750

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, let's break down the investments and calculate the profits for Ankit, Yogesh, and Mahesh. ### Step 1: Calculate the effective capital contribution of each partner 1. **Ankit's Investment:** - Amount: Rs 12,000 - Duration: 12 months - Effective Capital = 12,000 * 12 = Rs 144,000 2. **Yogesh's Investment:** - Initial Amount: Rs 16,000 for 4 months - Additional Amount: Rs 4,000 for the remaining 8 months - Effective Capital = (16,000 * 4) + (20,000 * 8) - Effective Capital = 64,000 + 160,000 = Rs 224,000 3. **Mahesh's Investment:** - Initial Amount: Rs 15,000 for 9 months - Withdrawn Amount: Rs 3,000, leaving Rs 12,000 for the remaining 3 months - Effective Capital = (15,000 * 9) + (12,000 * 3) - Effective Capital = 135,000 + 36,000 = Rs 171,000 ### Step 2: Calculate the profit-sharing ratio Now we have the effective capital contributions: - Ankit: Rs 144,000 - Yogesh: Rs 224,000 - Mahesh: Rs 171,000 The profit-sharing ratio is: - Ankit : Yogesh : Mahesh = 144 : 224 : 171 ### Step 3: Simplify the ratio To simplify the ratio, we can divide each term by 1,000: - Ankit: 144 - Yogesh: 224 - Mahesh: 171 ### Step 4: Find the total parts of the ratio Total parts = 144 + 224 + 171 = 539 ### Step 5: Calculate Yogesh's share of profit Given that Yogesh's profit is Rs 11,200, we can find the value of one part: - Value of one part = Total profit / Total parts - Value of one part = 11,200 / 224 = Rs 50 ### Step 6: Calculate Ankit's and Mahesh's profits 1. **Ankit's Profit:** - Ankit's share = 144 parts - Ankit's Profit = 144 * 50 = Rs 7,200 2. **Mahesh's Profit:** - Mahesh's share = 171 parts - Mahesh's Profit = 171 * 50 = Rs 8,550 ### Step 7: Calculate the sum of Ankit's and Mahesh's profits Total profit of Ankit and Mahesh = Ankit's Profit + Mahesh's Profit - Total profit = 7,200 + 8,550 = Rs 15,750 ### Final Answer The sum of the total profit of Ankit and Mahesh is Rs 15,750. ---
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