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Sahir started a software business by investing Rs. 30,000 . After six months , Nikil Joined him with a capital of Rs. 50,000 . After 2 years , they earned a profit of Rs . 22,500 . What was Sahir’s share in the profit ?
- a)Rs.10,800
- b)Rs.9,700
- c)Rs.11,500
- d)Rs.10,000
- e)None of these
Correct answer is option 'D'. Can you explain this answer?
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Sahir started a software business by investing Rs. 30,000 . After six...
Answer – D.Rs.10,000 Explanation : 30,000*4 : 50,000*3 = 12:15 = 4:5
Sahir = 22500*4/9 = 10000
Sahir = 22500*4/9 = 10000
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Sahir started a software business by investing Rs. 30,000 . After six...
's share in the profit?
To solve this problem, we need to use the concept of profit sharing ratio. The profit sharing ratio is the ratio in which the partners share the profits of the business. In this case, the profit sharing ratio will be based on the amount of capital invested by each partner and the duration of their investment.
Sahir invested Rs. 30,000 for the entire 2-year period, while Nikil invested Rs. 50,000 for only 18 months (6 months + 2 years). To calculate their profit sharing ratio, we need to first calculate the equivalent amount of capital invested by each partner for the same duration.
Sahir's equivalent investment = Rs. 30,000 x 24 months = Rs. 72,000
Nikil's equivalent investment = Rs. 50,000 x 18 months = Rs. 90,000
The profit sharing ratio will be Sahir:Nikil = 72,000:90,000 = 4:5
To calculate Sahir's share in the profit, we need to divide the total profit of Rs. 22,500 in the ratio of 4:5 and multiply Sahir's share by the same ratio.
Sahir's share = (4/9) x 22,500 = Rs. 10,000
Therefore, Sahir's share in the profit is Rs. 10,000.
To solve this problem, we need to use the concept of profit sharing ratio. The profit sharing ratio is the ratio in which the partners share the profits of the business. In this case, the profit sharing ratio will be based on the amount of capital invested by each partner and the duration of their investment.
Sahir invested Rs. 30,000 for the entire 2-year period, while Nikil invested Rs. 50,000 for only 18 months (6 months + 2 years). To calculate their profit sharing ratio, we need to first calculate the equivalent amount of capital invested by each partner for the same duration.
Sahir's equivalent investment = Rs. 30,000 x 24 months = Rs. 72,000
Nikil's equivalent investment = Rs. 50,000 x 18 months = Rs. 90,000
The profit sharing ratio will be Sahir:Nikil = 72,000:90,000 = 4:5
To calculate Sahir's share in the profit, we need to divide the total profit of Rs. 22,500 in the ratio of 4:5 and multiply Sahir's share by the same ratio.
Sahir's share = (4/9) x 22,500 = Rs. 10,000
Therefore, Sahir's share in the profit is Rs. 10,000.
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Sahir started a software business by investing Rs. 30,000 . After six months , Nikil Joined him with a capital of Rs. 50,000 . After 2 years , they earned a profit of Rs . 22,500 . What was Sahir’s share in the profit ?a)Rs.10,800b)Rs.9,700c)Rs.11,500d)Rs.10,000e)None of theseCorrect answer is option 'D'. Can you explain this answer?
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Sahir started a software business by investing Rs. 30,000 . After six months , Nikil Joined him with a capital of Rs. 50,000 . After 2 years , they earned a profit of Rs . 22,500 . What was Sahir’s share in the profit ?a)Rs.10,800b)Rs.9,700c)Rs.11,500d)Rs.10,000e)None of theseCorrect 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 Sahir started a software business by investing Rs. 30,000 . After six months , Nikil Joined him with a capital of Rs. 50,000 . After 2 years , they earned a profit of Rs . 22,500 . What was Sahir’s share in the profit ?a)Rs.10,800b)Rs.9,700c)Rs.11,500d)Rs.10,000e)None of theseCorrect 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 Sahir started a software business by investing Rs. 30,000 . After six months , Nikil Joined him with a capital of Rs. 50,000 . After 2 years , they earned a profit of Rs . 22,500 . What was Sahir’s share in the profit ?a)Rs.10,800b)Rs.9,700c)Rs.11,500d)Rs.10,000e)None of theseCorrect answer is option 'D'. Can you explain this answer?.
Sahir started a software business by investing Rs. 30,000 . After six months , Nikil Joined him with a capital of Rs. 50,000 . After 2 years , they earned a profit of Rs . 22,500 . What was Sahir’s share in the profit ?a)Rs.10,800b)Rs.9,700c)Rs.11,500d)Rs.10,000e)None of theseCorrect 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 Sahir started a software business by investing Rs. 30,000 . After six months , Nikil Joined him with a capital of Rs. 50,000 . After 2 years , they earned a profit of Rs . 22,500 . What was Sahir’s share in the profit ?a)Rs.10,800b)Rs.9,700c)Rs.11,500d)Rs.10,000e)None of theseCorrect 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 Sahir started a software business by investing Rs. 30,000 . After six months , Nikil Joined him with a capital of Rs. 50,000 . After 2 years , they earned a profit of Rs . 22,500 . What was Sahir’s share in the profit ?a)Rs.10,800b)Rs.9,700c)Rs.11,500d)Rs.10,000e)None of theseCorrect answer is option 'D'. Can you explain this answer?.
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