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Niraj started the construction of building with the investment of Rs. 250000. After 7 months, his friend Karan join him with the investment of Rs. 300000. At the end of year, the building is sold at the price of Rs. 900000, the profit made by Karan is Rs….
  • a)
    590500
  • b)
    640375.5
  • c)
    530000
  • d)
    None of the above
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Niraj started the construction of building with the investment of Rs. ...
Investment of Niraj = Rs. 250000
Investment of Karan = Rs. 300000
For the respective profit ratio,
Niraj/Karan = (250000 × 12)/ (300000 × 5) = (25 × 12)/ (30 × 5) = 2/1
[∵ Investment depends on time period also]
∴ Profit of Karan = (1/3) × 900000 = Rs. 300000
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Most Upvoted Answer
Niraj started the construction of building with the investment of Rs. ...

Explanation:

Initial Investment:
- Niraj's investment = Rs. 250000
- Karan's investment = Rs. 300000

Profit Sharing:
- Niraj invested for the entire year (12 months)
- Karan joined after 7 months (5 months remaining)
- Ratio of profit sharing = (250000 * 12) : (300000 * 5)

Calculating Profit:
- Total selling price = Rs. 900000
- Total investment = Rs. (250000 * 12) + (300000 * 5)
- Profit = Total selling price - Total investment

Profit Share for Karan:
- Karan's share = Profit * (Karan's investment / Total investment)

Therefore, the profit made by Karan is calculated using the above steps.
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Niraj started the construction of building with the investment of Rs. 250000. After 7 months, his friend Karan join him with the investment of Rs. 300000. At the end of year, the building is sold at the price of Rs. 900000, the profit made by Karan is Rs….a)590500b)640375.5c)530000d)None of the aboveCorrect answer is option 'D'. Can you explain this answer?
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Niraj started the construction of building with the investment of Rs. 250000. After 7 months, his friend Karan join him with the investment of Rs. 300000. At the end of year, the building is sold at the price of Rs. 900000, the profit made by Karan is Rs….a)590500b)640375.5c)530000d)None of the aboveCorrect answer is option 'D'. Can you explain this answer? for SSC 2024 is part of SSC preparation. The Question and answers have been prepared according to the SSC exam syllabus. Information about Niraj started the construction of building with the investment of Rs. 250000. After 7 months, his friend Karan join him with the investment of Rs. 300000. At the end of year, the building is sold at the price of Rs. 900000, the profit made by Karan is Rs….a)590500b)640375.5c)530000d)None of the aboveCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for SSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Niraj started the construction of building with the investment of Rs. 250000. After 7 months, his friend Karan join him with the investment of Rs. 300000. At the end of year, the building is sold at the price of Rs. 900000, the profit made by Karan is Rs….a)590500b)640375.5c)530000d)None of the aboveCorrect answer is option 'D'. Can you explain this answer?.
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