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A invested Rs 4000 and B invested Rs 10...

A invested Rs 4000 and B invested Rs 1000 more than A. After eight months 'C' invested Rs 3000. If at the end of the year C gets profit of Rs 700 , then find the total profit .

A

A)Rs 7000

B

B)Rs 8400

C

C)Rs 5600

D

D)Rs 8800

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will follow these steps: ### Step 1: Identify the investments of A, B, and C. - A invested Rs 4000. - B invested Rs 1000 more than A, which means B invested Rs 4000 + Rs 1000 = Rs 5000. - C invested Rs 3000. ### Step 2: Determine the time of investment for each person. - A invested for 12 months (1 year). - B also invested for 12 months (1 year). - C invested for 4 months (since he invested at the end of 8 months). ### Step 3: Calculate the effective investment for each person. To find the effective investment, we multiply the amount invested by the time (in months): - A's effective investment = Rs 4000 * 12 = Rs 48000. - B's effective investment = Rs 5000 * 12 = Rs 60000. - C's effective investment = Rs 3000 * 4 = Rs 12000. ### Step 4: Find the ratio of their effective investments. Now we can find the ratio of their effective investments: - A : B : C = 48000 : 60000 : 12000. - To simplify, we can divide each term by 12000: - A = 48000 / 12000 = 4, - B = 60000 / 12000 = 5, - C = 12000 / 12000 = 1. Thus, the ratio of their effective investments is 4 : 5 : 1. ### Step 5: Determine the profit shares based on the ratio. Let the total profit be represented in units based on the ratio: - A gets 4 units, - B gets 5 units, - C gets 1 unit. ### Step 6: Calculate the total units. Total units = 4 + 5 + 1 = 10 units. ### Step 7: Find the value of each unit. We know that C receives a profit of Rs 700, which corresponds to 1 unit. Therefore, the value of 1 unit is Rs 700. ### Step 8: Calculate the total profit. Total profit = Total units * Value of each unit = 10 units * Rs 700 = Rs 7000. ### Final Answer: The total profit is Rs 7000. ---
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