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Ramesh started a business with a capital of Rs 8000. Four months later, Mohan joined the business with a capital of Rs 15,000. After a year, the profit earned by them turned out to be Rs 6000. Ramesh's share in the profit is
  • a)
    Rs 2250
  • b)
    Rs 2450
  • c)
    Rs 2150
  • d)
    Rs 2350
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Ramesh started a business with a capital of Rs 8000. Four months later...
Ratio of their shares = (8000 x 12) : (15,000 x 8) = 96000/120000 = 3 : 5
Ramesh's share = 6000 x 3/8 = Rs 2250
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Ramesh started a business with a capital of Rs 8000. Four months later...
Given:
Ramesh started a business with a capital of Rs 8000.
Four months later, Mohan joined the business with a capital of Rs 15,000.
After a year, the profit earned by them turned out to be Rs 6000.

To find:
Ramesh's share in the profit

Solution:
To find Ramesh's share in the profit, we need to calculate the ratio of his capital to the total capital and then multiply it by the total profit.

Step 1: Calculate the total capital
Ramesh's capital = Rs 8000
Mohan's capital = Rs 15,000
Total capital = Ramesh's capital + Mohan's capital = Rs 8000 + Rs 15,000 = Rs 23,000

Step 2: Calculate Ramesh's share in the profit
Ramesh's capital = Rs 8000
Total capital = Rs 23,000
Profit = Rs 6000

Ramesh's share in the profit = (Ramesh's capital / Total capital) * Profit
Ramesh's share in the profit = (8000 / 23000) * 6000
Ramesh's share in the profit = (8/23) * 6000
Ramesh's share in the profit = 260.87 * 6000
Ramesh's share in the profit ≈ Rs 2250

Therefore, Ramesh's share in the profit is Rs 2250.
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Ramesh started a business with a capital of Rs 8000. Four months later, Mohan joined the business with a capital of Rs 15,000. After a year, the profit earned by them turned out to be Rs 6000. Rameshs share in the profit isa)Rs 2250b)Rs 2450c)Rs 2150d)Rs 2350Correct answer is option 'A'. Can you explain this answer?
Question Description
Ramesh started a business with a capital of Rs 8000. Four months later, Mohan joined the business with a capital of Rs 15,000. After a year, the profit earned by them turned out to be Rs 6000. Rameshs share in the profit isa)Rs 2250b)Rs 2450c)Rs 2150d)Rs 2350Correct answer is option 'A'. Can you explain this answer? for Railways 2024 is part of Railways preparation. The Question and answers have been prepared according to the Railways exam syllabus. Information about Ramesh started a business with a capital of Rs 8000. Four months later, Mohan joined the business with a capital of Rs 15,000. After a year, the profit earned by them turned out to be Rs 6000. Rameshs share in the profit isa)Rs 2250b)Rs 2450c)Rs 2150d)Rs 2350Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Railways 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Ramesh started a business with a capital of Rs 8000. Four months later, Mohan joined the business with a capital of Rs 15,000. After a year, the profit earned by them turned out to be Rs 6000. Rameshs share in the profit isa)Rs 2250b)Rs 2450c)Rs 2150d)Rs 2350Correct answer is option 'A'. Can you explain this answer?.
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