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A, B and C started a business with inves...

A, B and C started a business with investments of ₹1600,₹2100 , ₹1500 respectively. After 8 months from the start of the business, B and C invested additional amounts in the ratio of 3:5 respectively. If the ratio of total annual profit to C's share in the annual profit was 3:1 then what was the additional amount invested by B after 8 months?

A

₹1200

B

₹600

C

₹900

D

₹300

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we need to follow these steps: ### Step 1: Calculate the initial investments and their time contributions A, B, and C invested ₹1600, ₹2100, and ₹1500 respectively. They invested for different durations: - A's investment duration: 12 months (since he invested from the start) - B's investment duration: 12 months - C's investment duration: 12 months The contributions to the profit can be calculated as: - A's contribution = ₹1600 * 12 = ₹19200 - B's contribution = ₹2100 * 12 = ₹25200 - C's contribution = ₹1500 * 12 = ₹18000 ### Step 2: Calculate the total contributions after 8 months After 8 months, B and C invest additional amounts in the ratio of 3:5. Let’s denote the additional amounts invested by B and C as 3x and 5x respectively. Now, we calculate the contributions for B and C after 8 months: - B's contribution for the first 8 months = ₹2100 * 8 = ₹16800 - C's contribution for the first 8 months = ₹1500 * 8 = ₹12000 After 8 months, their total contributions will be: - B's total contribution = ₹16800 + (3x * 4) (since B's additional investment will be for 4 months) - C's total contribution = ₹12000 + (5x * 4) (since C's additional investment will be for 4 months) ### Step 3: Set up the equation for the total profit The total profit contributions can be calculated as: - A's total contribution = ₹19200 - B's total contribution = ₹16800 + 12x (since 3x for 4 months) - C's total contribution = ₹12000 + 20x (since 5x for 4 months) Thus, the total contributions will be: Total = ₹19200 + (₹16800 + 12x) + (₹12000 + 20x) ### Step 4: Use the ratio of total profit to C's share According to the problem, the ratio of total annual profit to C's share in the annual profit is 3:1. Therefore, we can say: Total Profit = 3 * C's share C's share can be calculated from C's total contribution: C's share = ₹12000 + 20x ### Step 5: Set up the equation Now we can set up the equation: Total Profit = ₹19200 + ₹16800 + ₹12000 + 32x = ₹48000 + 32x According to the ratio: 3 * (₹12000 + 20x) = ₹48000 + 32x ### Step 6: Solve for x Expanding the equation: ₹36000 + 60x = ₹48000 + 32x => 60x - 32x = ₹48000 - ₹36000 => 28x = ₹12000 => x = ₹12000 / 28 => x = ₹428.57 (approximately) ### Step 7: Calculate the additional amount invested by B The additional amount invested by B is: 3x = 3 * ₹428.57 = ₹1285.71 (approximately) ### Final Answer Therefore, the additional amount invested by B after 8 months is approximately ₹1285.71. ---
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