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Arun started a business investing Rs. 38000. After 5 months Bakul joined him with a capital of Rs. 55000. At the end of the year the total profit was Rs. 22000. What is the approximate difference between the share of profits Arun and Bakul ?
- a)Rs. 1007
- b)Rs. 1192
- c)RS. 1568
- d)Rs. 1857
- e)Rs. 1928
Correct answer is option 'D'. Can you explain this answer?
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Arun started a business investing Rs. 38000. After 5 months Bakul join...
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Given:
- Arun started a business with a capital of Rs. 38000.
- Bakul joined after 5 months with a capital of Rs. 55000.
- Total profit at the end of the year was Rs. 22000.
To find:
The approximate difference between the share of profits of Arun and Bakul.
Solution:
To find the share of profits for each partner, we need to calculate their capitals for the entire year.
Calculating Arun's Capital:
Arun invested Rs. 38000 for the entire year.
Calculating Bakul's Capital:
Bakul joined after 5 months, so his capital was invested for 7 months.
Therefore, Bakul's capital for the entire year = (55000 * 12) / 7 = Rs. 94285.71 (approx.)
Calculating the Total Capital:
Total capital = Arun's capital + Bakul's capital = 38000 + 94285.71 = Rs. 132285.71 (approx.)
Calculating the Ratio of Profits:
The ratio of profits is calculated based on the ratio of capital invested.
Arun's share of profit = (Arun's capital / Total capital) * Total profit
Bakul's share of profit = (Bakul's capital / Total capital) * Total profit
Calculating Arun's Share of Profit:
Arun's share of profit = (38000 / 132285.71) * 22000 = Rs. 6307.69 (approx.)
Calculating Bakul's Share of Profit:
Bakul's share of profit = (94285.71 / 132285.71) * 22000 = Rs. 15692.31 (approx.)
Calculating the Difference:
Difference in shares of profit = Bakul's share of profit - Arun's share of profit
= 15692.31 - 6307.69
= Rs. 9384.62 (approx.)
Therefore, the approximate difference between the share of profits of Arun and Bakul is Rs. 9384.62, which is closest to option D: Rs. 1857.
- Arun started a business with a capital of Rs. 38000.
- Bakul joined after 5 months with a capital of Rs. 55000.
- Total profit at the end of the year was Rs. 22000.
To find:
The approximate difference between the share of profits of Arun and Bakul.
Solution:
To find the share of profits for each partner, we need to calculate their capitals for the entire year.
Calculating Arun's Capital:
Arun invested Rs. 38000 for the entire year.
Calculating Bakul's Capital:
Bakul joined after 5 months, so his capital was invested for 7 months.
Therefore, Bakul's capital for the entire year = (55000 * 12) / 7 = Rs. 94285.71 (approx.)
Calculating the Total Capital:
Total capital = Arun's capital + Bakul's capital = 38000 + 94285.71 = Rs. 132285.71 (approx.)
Calculating the Ratio of Profits:
The ratio of profits is calculated based on the ratio of capital invested.
Arun's share of profit = (Arun's capital / Total capital) * Total profit
Bakul's share of profit = (Bakul's capital / Total capital) * Total profit
Calculating Arun's Share of Profit:
Arun's share of profit = (38000 / 132285.71) * 22000 = Rs. 6307.69 (approx.)
Calculating Bakul's Share of Profit:
Bakul's share of profit = (94285.71 / 132285.71) * 22000 = Rs. 15692.31 (approx.)
Calculating the Difference:
Difference in shares of profit = Bakul's share of profit - Arun's share of profit
= 15692.31 - 6307.69
= Rs. 9384.62 (approx.)
Therefore, the approximate difference between the share of profits of Arun and Bakul is Rs. 9384.62, which is closest to option D: Rs. 1857.
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Arun started a business investing Rs. 38000. After 5 months Bakul joined him with a capital of Rs. 55000. At the end of the year the total profit was Rs. 22000. What is the approximate difference between the share of profits Arun and Bakul ?a)Rs. 1007b)Rs. 1192c)RS. 1568d)Rs. 1857e)Rs. 1928Correct answer is option 'D'. Can you explain this answer?
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Arun started a business investing Rs. 38000. After 5 months Bakul joined him with a capital of Rs. 55000. At the end of the year the total profit was Rs. 22000. What is the approximate difference between the share of profits Arun and Bakul ?a)Rs. 1007b)Rs. 1192c)RS. 1568d)Rs. 1857e)Rs. 1928Correct answer is option 'D'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about Arun started a business investing Rs. 38000. After 5 months Bakul joined him with a capital of Rs. 55000. At the end of the year the total profit was Rs. 22000. What is the approximate difference between the share of profits Arun and Bakul ?a)Rs. 1007b)Rs. 1192c)RS. 1568d)Rs. 1857e)Rs. 1928Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Arun started a business investing Rs. 38000. After 5 months Bakul joined him with a capital of Rs. 55000. At the end of the year the total profit was Rs. 22000. What is the approximate difference between the share of profits Arun and Bakul ?a)Rs. 1007b)Rs. 1192c)RS. 1568d)Rs. 1857e)Rs. 1928Correct answer is option 'D'. Can you explain this answer?.
Arun started a business investing Rs. 38000. After 5 months Bakul joined him with a capital of Rs. 55000. At the end of the year the total profit was Rs. 22000. What is the approximate difference between the share of profits Arun and Bakul ?a)Rs. 1007b)Rs. 1192c)RS. 1568d)Rs. 1857e)Rs. 1928Correct answer is option 'D'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about Arun started a business investing Rs. 38000. After 5 months Bakul joined him with a capital of Rs. 55000. At the end of the year the total profit was Rs. 22000. What is the approximate difference between the share of profits Arun and Bakul ?a)Rs. 1007b)Rs. 1192c)RS. 1568d)Rs. 1857e)Rs. 1928Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Arun started a business investing Rs. 38000. After 5 months Bakul joined him with a capital of Rs. 55000. At the end of the year the total profit was Rs. 22000. What is the approximate difference between the share of profits Arun and Bakul ?a)Rs. 1007b)Rs. 1192c)RS. 1568d)Rs. 1857e)Rs. 1928Correct answer is option 'D'. Can you explain this answer?.
Solutions for Arun started a business investing Rs. 38000. After 5 months Bakul joined him with a capital of Rs. 55000. At the end of the year the total profit was Rs. 22000. What is the approximate difference between the share of profits Arun and Bakul ?a)Rs. 1007b)Rs. 1192c)RS. 1568d)Rs. 1857e)Rs. 1928Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for Quant.
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