Practicing Success
Nihit starts a business with Rs.700. After 5 months Amit and Patel joined him with Rs. 300 and Rs.400 respectively. At the end of the year, the business gave a profit of Rs.627. Find the share of Patel in the profit. |
Rs. 127 Rs. 145 Rs. 132 Rs. 156 |
Rs. 132 |
We know that, Capital earned = Time of investment (in months) × Amount invested We have, Nihit's investment = Rs. 700 After 5 months, Amit's investment = Rs. 300 Patel's investment = Rs. 400 Total profit = Rs. 627 According to the question, Capital earned by Nihit = 12 × 700 = Rs. 8,400 Capital earned by Amit = 7 × 300 = Rs. 2,100 Capital earned by Patel = 7 × 400 = Rs. 2,800 Ratio of their capitals = 84 : 21 : 28 = 12 : 3 : 4 Total = 12 + 3 + 4 = 19 Patel's profit = \(\frac{4}{19}\) × 627 = Rs. 132 |