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Manoj got Rs. 6000 as his share out of a...

Manoj got Rs. 6000 as his share out of a total profit of Rs. 9000 which he and Ramesh earned at the end of one year. If Manoj invested Rs. 20000 for 6 months where as Ramesh invested his amount for the whole year, what was the amount invested by Ramesh?

A

Rs 30000

B

Rs 40000

C

Rs 10000

D

Rs 5000

Text Solution

AI Generated Solution

The correct Answer is:
To find out the amount invested by Ramesh, we can use the concept of profit-sharing in partnerships, which is based on the amount of capital invested and the time for which it is invested. ### Step-by-Step Solution: 1. **Identify the Profit Shares**: - Total profit = Rs. 9000 - Manoj's share = Rs. 6000 - Ramesh's share = Total profit - Manoj's share = Rs. 9000 - Rs. 6000 = Rs. 3000 2. **Investment Details**: - Manoj invested Rs. 20000 for 6 months. - Let Ramesh's investment be Rs. R for 12 months (1 year). 3. **Calculate the Effective Investment**: - Manoj's effective investment = Amount invested × Time = 20000 × 6 = 120000 - Ramesh's effective investment = Amount invested × Time = R × 12 4. **Set Up the Ratio of Profits**: - The ratio of profits is equal to the ratio of their effective investments. - Therefore, we can set up the equation: \[ \frac{Manoj's\ effective\ investment}{Ramesh's\ effective\ investment} = \frac{6000}{3000} \] - Simplifying the right side gives: \[ \frac{Manoj's\ effective\ investment}{Ramesh's\ effective\ investment} = 2 \] 5. **Substituting the Effective Investments**: - Substitute the effective investments into the ratio: \[ \frac{120000}{R \times 12} = 2 \] 6. **Cross-Multiply to Solve for R**: - Cross-multiplying gives: \[ 120000 = 2 \times R \times 12 \] - Simplifying this gives: \[ 120000 = 24R \] 7. **Solve for R**: - Divide both sides by 24: \[ R = \frac{120000}{24} = 5000 \] Therefore, Ramesh invested **Rs. 5000**.
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