Prakash, Mehul and Alok have invested a sum of ₹125000 in a business. Mehul invested ₹15000 more than Prakash and Alok invested ₹20000 more than Mehul. If the total earned profit is ₹17500 at the end of the year, then find their share of profit.
Answer & explanation
Correct answer: option 2
Prakash : Mehul : Alok
Capital: x : 15000 + x : 20000 + 15000 + x
x : 15000 + x : 35000 + x
ATQ,
⇒ x + 15000 + x + 35000 + x = 1,25,000
⇒ 3x + 50000 = 1,25,000
⇒ x = 25000
Therefore,
Prakash : Mehul : Alok
Capital: 25000 : 40000 : 60000
5 : 8 : 12
Profit : 5 : 8 : 12 = 25R
*If time is same then investment ratio becomes profit ratio*
Here,
Total Profit = 25R = 17500
1R = 700
Profit are ⇒ 3500, 5600, 8400