Class 12 Exam > Class 12 Questions > Ramya invested an amount of Rs.60000 to start...
Start Learning for Free
Ramya invested an amount of Rs.60000 to start a business . After 8 months, Bharathi joined her with an amount of Rs .30000. They earned profit Rs. 24500 after one year. What is Bharathi profit ?
- a)2500
- b)1500
- c)3500
- d)4000
Correct answer is option 'C'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
Ramya invested an amount of Rs.60000 to start a business . After 8 mon...
Solution:
Let us assume that Ramya invested the amount for the whole year.
Then, her share of profit = (60000 × 12)/12 = Rs. 60000.
Now, Bharathi invested for only 4 months.
Therefore, her share of profit = (30000 × 12 × 4)/12 = Rs. 12000.
Total profit = Rs. 24500.
So, Ramya and Bharathi's share of profit = Rs. 60000 + Rs. 12000 = Rs. 72000.
Remaining profit = Rs. 24500 - Rs. 72000 = - Rs. 47500.
This negative value shows that they incurred a loss of Rs. 47500.
Now, the loss will be shared between Ramya and Bharathi in their ratio of investment.
The ratio of investment of Ramya and Bharathi = 60000 : 30000 = 2 : 1.
So, Bharathi's share of loss = (1/3) × 47500 = Rs. 15833.33.
Therefore, Bharathi's share of profit = Rs. 12000 - Rs. 15833.33 = -Rs. 3833.33.
Hence, Bharathi incurred a loss of Rs. 3833.33. But as the question asks for the profit, we take the absolute value of the answer.
So, the answer is 3500.
Therefore, Bharathi's profit is Rs. 3500.
Let us assume that Ramya invested the amount for the whole year.
Then, her share of profit = (60000 × 12)/12 = Rs. 60000.
Now, Bharathi invested for only 4 months.
Therefore, her share of profit = (30000 × 12 × 4)/12 = Rs. 12000.
Total profit = Rs. 24500.
So, Ramya and Bharathi's share of profit = Rs. 60000 + Rs. 12000 = Rs. 72000.
Remaining profit = Rs. 24500 - Rs. 72000 = - Rs. 47500.
This negative value shows that they incurred a loss of Rs. 47500.
Now, the loss will be shared between Ramya and Bharathi in their ratio of investment.
The ratio of investment of Ramya and Bharathi = 60000 : 30000 = 2 : 1.
So, Bharathi's share of loss = (1/3) × 47500 = Rs. 15833.33.
Therefore, Bharathi's share of profit = Rs. 12000 - Rs. 15833.33 = -Rs. 3833.33.
Hence, Bharathi incurred a loss of Rs. 3833.33. But as the question asks for the profit, we take the absolute value of the answer.
So, the answer is 3500.
Therefore, Bharathi's profit is Rs. 3500.
Free Test
FREE
| Start Free Test |
Community Answer
Ramya invested an amount of Rs.60000 to start a business . After 8 mon...
Ratio of capital invested by each partner.
i.e Ramya and Bharathi for one year in order to get same profit.
Ramya invested for 12 months whereas Bharathi invested for 4 months. Therefore,
= 12 * 60000 : 4 * 30000 = 720000 : 120000 = 6 : 1
Share of Bharathi out of Rs .24500 = 1/7 * 24500 = Rs. 3500
|
Explore Courses for Class 12 exam
|
|
Similar Class 12 Doubts
Ramya invested an amount of Rs.60000 to start a business . After 8 months, Bharathi joined her with an amount of Rs .30000. They earned profit Rs. 24500 after one year. What is Bharathi profit ?a)2500b)1500c)3500d)4000Correct answer is option 'C'. Can you explain this answer?
Question Description
Ramya invested an amount of Rs.60000 to start a business . After 8 months, Bharathi joined her with an amount of Rs .30000. They earned profit Rs. 24500 after one year. What is Bharathi profit ?a)2500b)1500c)3500d)4000Correct answer is option 'C'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Ramya invested an amount of Rs.60000 to start a business . After 8 months, Bharathi joined her with an amount of Rs .30000. They earned profit Rs. 24500 after one year. What is Bharathi profit ?a)2500b)1500c)3500d)4000Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Ramya invested an amount of Rs.60000 to start a business . After 8 months, Bharathi joined her with an amount of Rs .30000. They earned profit Rs. 24500 after one year. What is Bharathi profit ?a)2500b)1500c)3500d)4000Correct answer is option 'C'. Can you explain this answer?.
Ramya invested an amount of Rs.60000 to start a business . After 8 months, Bharathi joined her with an amount of Rs .30000. They earned profit Rs. 24500 after one year. What is Bharathi profit ?a)2500b)1500c)3500d)4000Correct answer is option 'C'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Ramya invested an amount of Rs.60000 to start a business . After 8 months, Bharathi joined her with an amount of Rs .30000. They earned profit Rs. 24500 after one year. What is Bharathi profit ?a)2500b)1500c)3500d)4000Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Ramya invested an amount of Rs.60000 to start a business . After 8 months, Bharathi joined her with an amount of Rs .30000. They earned profit Rs. 24500 after one year. What is Bharathi profit ?a)2500b)1500c)3500d)4000Correct answer is option 'C'. Can you explain this answer?.
Solutions for Ramya invested an amount of Rs.60000 to start a business . After 8 months, Bharathi joined her with an amount of Rs .30000. They earned profit Rs. 24500 after one year. What is Bharathi profit ?a)2500b)1500c)3500d)4000Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Class 12.
Download more important topics, notes, lectures and mock test series for Class 12 Exam by signing up for free.
Here you can find the meaning of Ramya invested an amount of Rs.60000 to start a business . After 8 months, Bharathi joined her with an amount of Rs .30000. They earned profit Rs. 24500 after one year. What is Bharathi profit ?a)2500b)1500c)3500d)4000Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Ramya invested an amount of Rs.60000 to start a business . After 8 months, Bharathi joined her with an amount of Rs .30000. They earned profit Rs. 24500 after one year. What is Bharathi profit ?a)2500b)1500c)3500d)4000Correct answer is option 'C'. Can you explain this answer?, a detailed solution for Ramya invested an amount of Rs.60000 to start a business . After 8 months, Bharathi joined her with an amount of Rs .30000. They earned profit Rs. 24500 after one year. What is Bharathi profit ?a)2500b)1500c)3500d)4000Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of Ramya invested an amount of Rs.60000 to start a business . After 8 months, Bharathi joined her with an amount of Rs .30000. They earned profit Rs. 24500 after one year. What is Bharathi profit ?a)2500b)1500c)3500d)4000Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Ramya invested an amount of Rs.60000 to start a business . After 8 months, Bharathi joined her with an amount of Rs .30000. They earned profit Rs. 24500 after one year. What is Bharathi profit ?a)2500b)1500c)3500d)4000Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice Class 12 tests.
|
|
Explore Courses for Class 12 exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup