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Two friends Pinki and Rinki entered int...

Two friends Pinki and Rinki entered into a partnership by investing an amount of Rs 6000 and Rs 9000 respectively and ratio of their period of investment is `2:3`.Find the profit share of Pinki if profit share of Rinki is Rs 45,000

A

A)Rs 24,000

B

B)Rs 20,000

C

C)Rs 18,000

D

D)Rs 28,000

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we need to determine Pinki's profit share based on the information provided about their investments and the ratio of their investment periods. ### Step-by-Step Solution: 1. **Identify the Investments:** - Pinki's investment = Rs 6000 - Rinki's investment = Rs 9000 2. **Calculate the Ratio of Investments:** - The ratio of their investments can be simplified: \[ \text{Investment Ratio} = \frac{6000}{9000} = \frac{2}{3} \] 3. **Identify the Ratio of Investment Periods:** - The ratio of their investment periods is given as 2:3. 4. **Calculate the Overall Profit Ratio:** - To find the overall profit ratio, we multiply the investment ratio by the time ratio. - For Pinki: \[ \text{Pinki's Contribution} = 6000 \times 2 = 12000 \] - For Rinki: \[ \text{Rinki's Contribution} = 9000 \times 3 = 27000 \] - Therefore, the overall profit ratio is: \[ \text{Overall Profit Ratio} = 12000 : 27000 = 4 : 9 \] 5. **Given Rinki's Profit Share:** - Rinki's profit share is given as Rs 45000. 6. **Determine the Value of Each Part:** - Since the ratio of their profits is 4:9, we can set up the equation: \[ 9x = 45000 \implies x = \frac{45000}{9} = 5000 \] 7. **Calculate Pinki's Profit Share:** - Now, we can find Pinki's profit share using the ratio: \[ \text{Pinki's Profit Share} = 4x = 4 \times 5000 = 20000 \] 8. **Final Answer:** - Pinki's profit share is Rs 20000.
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