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Simran started a software business by investing Rs. 50000. After six months, Nanda joined her with a capital of Rs. 80000.After 3 year they earned a profit of Rs 24500 What was Simran's share in the profit?
- a)Rs. 9423
- b)Rs. 10250
- c)Rs. 12500
- d)Rs. 14000
- e)Rs. 10500
Correct answer is option 'E'. Can you explain this answer?
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Simran started a software business by investing Rs. 50000. After six m...
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Simran started a software business by investing Rs. 50000. After six m...
Given:
Simran invested Rs. 50000
Nanda invested Rs. 80000 after 6 months
To calculate:
Simran's share in the profit
Solution:
Let's calculate the ratio of their profits.
Simran invested for 12 months, whereas Nanda invested for 6 months only.
Simran's investment = Rs. 50000 x 12 = Rs. 600000
Nanda's investment = Rs. 80000 x 6 = Rs. 480000
Ratio of their investments = 600000:480000 = 5:4
Let the total profit be x
Simran's share in the profit = (5/9) x
Now, let's substitute the value of x
Total profit = profit of Simran + profit of Nanda
x = (5/9) x + (4/9) x
Simplifying this equation, we get
(4/9) x = Rs. 10500
Therefore, Simran's share in the profit = (5/9) x (Total profit) = (5/9) x Rs. 10500 = Rs. 5833.33
Hence, the closest option to the calculated answer is option E, Rs. 10500.
Simran invested Rs. 50000
Nanda invested Rs. 80000 after 6 months
To calculate:
Simran's share in the profit
Solution:
Let's calculate the ratio of their profits.
Simran invested for 12 months, whereas Nanda invested for 6 months only.
Simran's investment = Rs. 50000 x 12 = Rs. 600000
Nanda's investment = Rs. 80000 x 6 = Rs. 480000
Ratio of their investments = 600000:480000 = 5:4
Let the total profit be x
Simran's share in the profit = (5/9) x
Now, let's substitute the value of x
Total profit = profit of Simran + profit of Nanda
x = (5/9) x + (4/9) x
Simplifying this equation, we get
(4/9) x = Rs. 10500
Therefore, Simran's share in the profit = (5/9) x (Total profit) = (5/9) x Rs. 10500 = Rs. 5833.33
Hence, the closest option to the calculated answer is option E, Rs. 10500.
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Simran started a software business by investing Rs. 50000. After six months, Nanda joined her with a capital of Rs. 80000.After 3 year they earned a profit of Rs 24500 What was Simrans share in the profit?a)Rs. 9423b)Rs. 10250c)Rs. 12500d)Rs. 14000e)Rs. 10500Correct answer is option 'E'. Can you explain this answer?
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Simran started a software business by investing Rs. 50000. After six months, Nanda joined her with a capital of Rs. 80000.After 3 year they earned a profit of Rs 24500 What was Simrans share in the profit?a)Rs. 9423b)Rs. 10250c)Rs. 12500d)Rs. 14000e)Rs. 10500Correct answer is option 'E'. 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 Simran started a software business by investing Rs. 50000. After six months, Nanda joined her with a capital of Rs. 80000.After 3 year they earned a profit of Rs 24500 What was Simrans share in the profit?a)Rs. 9423b)Rs. 10250c)Rs. 12500d)Rs. 14000e)Rs. 10500Correct answer is option 'E'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Simran started a software business by investing Rs. 50000. After six months, Nanda joined her with a capital of Rs. 80000.After 3 year they earned a profit of Rs 24500 What was Simrans share in the profit?a)Rs. 9423b)Rs. 10250c)Rs. 12500d)Rs. 14000e)Rs. 10500Correct answer is option 'E'. Can you explain this answer?.
Simran started a software business by investing Rs. 50000. After six months, Nanda joined her with a capital of Rs. 80000.After 3 year they earned a profit of Rs 24500 What was Simrans share in the profit?a)Rs. 9423b)Rs. 10250c)Rs. 12500d)Rs. 14000e)Rs. 10500Correct answer is option 'E'. 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 Simran started a software business by investing Rs. 50000. After six months, Nanda joined her with a capital of Rs. 80000.After 3 year they earned a profit of Rs 24500 What was Simrans share in the profit?a)Rs. 9423b)Rs. 10250c)Rs. 12500d)Rs. 14000e)Rs. 10500Correct answer is option 'E'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Simran started a software business by investing Rs. 50000. After six months, Nanda joined her with a capital of Rs. 80000.After 3 year they earned a profit of Rs 24500 What was Simrans share in the profit?a)Rs. 9423b)Rs. 10250c)Rs. 12500d)Rs. 14000e)Rs. 10500Correct answer is option 'E'. Can you explain this answer?.
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