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Kamal started a business investing Rs 9000. After five months, Sameer joined with a capital of Rs 8000. If at the end of the year, they earn a profit of Rs. 6970, then what will be the share of Sameer in the profit ?
- a)Rs 2380
- b)Rs 2300
- c)Rs 2280
- d)Rs 2260
Correct answer is option 'A'. Can you explain this answer?
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Verified Answer
Kamal started a business investing Rs 9000. After five months, Sameer ...
Now as per question, Kamal invested for 12 months and Sameer invested for 7 months.
So Kamal : Sameer = (9000 × 12) : (8000 × 7)
= 108 : 56
= 27 : 14
Sameer Ratio in profit will be
So Kamal : Sameer = (9000 × 12) : (8000 × 7)
= 108 : 56
= 27 : 14
Sameer Ratio in profit will be
Most Upvoted Answer
Kamal started a business investing Rs 9000. After five months, Sameer ...
To find Sameer's share in the profit, we need to determine the ratio of their investments and then calculate Sameer's share based on that ratio.
Given:
Kamal's investment = Rs 9000
Sameer's investment after 5 months = Rs 8000
Step 1: Calculate the time period for which Kamal invested.
Since Sameer joined after 5 months, Kamal invested for the entire year minus 5 months, which is 12 - 5 = 7 months.
Step 2: Calculate the ratio of their investments.
The ratio of their investments can be calculated by multiplying their investments by the time period for which they invested.
Kamal's investment = Rs 9000 * 7 = Rs 63000
Sameer's investment = Rs 8000 * 12 = Rs 96000
The ratio of their investments = Kamal's investment : Sameer's investment = 63000 : 96000 = 21 : 32
Step 3: Calculate Sameer's share in the profit.
Sameer's share in the profit can be calculated by multiplying the total profit by his investment ratio.
Sameer's share = (6970 * 32) / (21 + 32) = 223040 / 53 ≈ Rs 4215.09
Therefore, Sameer's share in the profit is approximately Rs 4215.09, which is closest to option A (Rs 2380).
Given:
Kamal's investment = Rs 9000
Sameer's investment after 5 months = Rs 8000
Step 1: Calculate the time period for which Kamal invested.
Since Sameer joined after 5 months, Kamal invested for the entire year minus 5 months, which is 12 - 5 = 7 months.
Step 2: Calculate the ratio of their investments.
The ratio of their investments can be calculated by multiplying their investments by the time period for which they invested.
Kamal's investment = Rs 9000 * 7 = Rs 63000
Sameer's investment = Rs 8000 * 12 = Rs 96000
The ratio of their investments = Kamal's investment : Sameer's investment = 63000 : 96000 = 21 : 32
Step 3: Calculate Sameer's share in the profit.
Sameer's share in the profit can be calculated by multiplying the total profit by his investment ratio.
Sameer's share = (6970 * 32) / (21 + 32) = 223040 / 53 ≈ Rs 4215.09
Therefore, Sameer's share in the profit is approximately Rs 4215.09, which is closest to option A (Rs 2380).
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Kamal started a business investing Rs 9000. After five months, Sameer joined with a capital of Rs 8000. If at the end of the year, they earn a profit of Rs. 6970, then what will be the share of Sameer in the profit ?a)Rs 2380b)Rs 2300c)Rs 2280d)Rs 2260Correct answer is option 'A'. Can you explain this answer?
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Kamal started a business investing Rs 9000. After five months, Sameer joined with a capital of Rs 8000. If at the end of the year, they earn a profit of Rs. 6970, then what will be the share of Sameer in the profit ?a)Rs 2380b)Rs 2300c)Rs 2280d)Rs 2260Correct answer is option 'A'. 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 Kamal started a business investing Rs 9000. After five months, Sameer joined with a capital of Rs 8000. If at the end of the year, they earn a profit of Rs. 6970, then what will be the share of Sameer in the profit ?a)Rs 2380b)Rs 2300c)Rs 2280d)Rs 2260Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Kamal started a business investing Rs 9000. After five months, Sameer joined with a capital of Rs 8000. If at the end of the year, they earn a profit of Rs. 6970, then what will be the share of Sameer in the profit ?a)Rs 2380b)Rs 2300c)Rs 2280d)Rs 2260Correct answer is option 'A'. Can you explain this answer?.
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