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X, Y, Z enter into a partnership venture...

X, Y, Z enter into a partnership venture with a capital of Rs.1.20.000, in which the contribution of Y and Z are, respectively, 40% more and Rs.1.000 more than that of X. The profit earned is 20% of the capital. Out of this profit, 10% goes towards some incidental expenses. What is the share (in 3) of X out of it?

A

7500

B

4800

C

7000

D

6300

Text Solution

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The correct Answer is:
To solve the problem step-by-step, we can follow these calculations: ### Step 1: Define the Contributions Let the investment of X be \( P \). - The investment of Y is 40% more than X, which can be expressed as: \[ Y = P + 0.4P = 1.4P \] - The investment of Z is Rs. 1000 more than X: \[ Z = P + 1000 \] ### Step 2: Set Up the Total Investment Equation The total capital invested by X, Y, and Z is Rs. 120,000. Therefore, we can write: \[ P + 1.4P + (P + 1000) = 120000 \] Combining the terms gives: \[ 3.4P + 1000 = 120000 \] ### Step 3: Solve for P Subtract 1000 from both sides: \[ 3.4P = 120000 - 1000 \] \[ 3.4P = 119000 \] Now, divide both sides by 3.4 to find \( P \): \[ P = \frac{119000}{3.4} = 35000 \] ### Step 4: Calculate Individual Contributions Now we can calculate the contributions of X, Y, and Z: - Contribution of X: \[ X = P = 35000 \] - Contribution of Y: \[ Y = 1.4P = 1.4 \times 35000 = 49000 \] - Contribution of Z: \[ Z = P + 1000 = 35000 + 1000 = 36000 \] ### Step 5: Calculate Total Profit The total profit earned is 20% of the total capital: \[ \text{Total Profit} = 0.2 \times 120000 = 24000 \] ### Step 6: Calculate Incidental Expenses 10% of the profit goes towards incidental expenses: \[ \text{Incidental Expenses} = 0.1 \times 24000 = 2400 \] ### Step 7: Calculate Remaining Profit Remaining profit after expenses: \[ \text{Remaining Profit} = 24000 - 2400 = 21600 \] ### Step 8: Calculate Profit Share Ratio The profit is distributed in the ratio of their investments: - Total investment = \( 35000 + 49000 + 36000 = 120000 \) - The ratio of their investments is: \[ X:Y:Z = 35000:49000:36000 \] To simplify this ratio: - Convert to a common scale: \[ \text{Ratio} = \frac{35000}{35000}:\frac{49000}{35000}:\frac{36000}{35000} = 1:1.4:1.02857 \] - Multiply through by 100000 to avoid decimals: \[ 100000:140000:102857 \approx 35:49:36 \] ### Step 9: Calculate X's Share of the Profit The total parts in the ratio are: \[ 35 + 49 + 36 = 120 \] Each part of the profit is: \[ \text{Value of one part} = \frac{21600}{120} = 180 \] Thus, X's share of the profit is: \[ \text{X's Share} = 35 \times 180 = 6300 \] ### Final Answer The share of X out of the profit is Rs. 6300. ---
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