X starts a business with investment Rs. 37500, After 3 months Y joins
| X starts a business with investment Rs. 37500, After 3 months Y joins with Rs 25000. At the end of the year if Y gets 25% of total profit for managing the business & remaining profit is distributed in their investment ratio. If the total profit of Y is Rs. 18000, then find profit of X.
A. Rs. 13000
B. Rs. 15000
C. Rs. 17000
D. Rs. 18000
Right Answer is: D
SOLUTION
Investment of X = Rs. 37500
Investment of Y = Rs. 25000
Time duration of X = 12 Months
Time duration of Y = 9 Months
Ratio of profit earned by X & Y = 37500 X 12 : 25000 X 9 = 2:1
Let total profit = 100
Profit of Y = 25
Remaining profit = 75
Now this 75 unit will be distributed among X and Y in the ratio 2:1 .
Hence, 3 units = 75
Hence , 1 unit = 25
So total profit of X = 50 units
Total profit of Y = 50 units
Total profit of Y is Rs. 18000
Hence total profit of X = Rs. 18000.
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X starts a business with investment Rs. 37500, After 3 months Y joins