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Ramya and Sheela are partners in a business, Ramya invests Rs, 35,000 for 8 months and Sheela invests Rs. 42,000 for 10 months. Out of a profit of Rs. 31,570, What is Ramya's share ?
- a)12628
- b)15122
- c)18718
- d)14200
Correct answer is option 'A'. Can you explain this answer?
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Most Upvoted Answer
Ramya and Sheela are partners in a business, Ramya invests Rs, 35,000 ...
Given data:
Ramya's investment = Rs. 35,000
Sheela's investment = Rs. 42,000
Ramya invested for 8 months
Sheela invested for 10 months
Total profit = Rs. 31,570
To find: Ramya's share of profit
Solution:
First, we need to calculate the total investment made by both partners.
Ramya's investment = Rs. 35,000 for 8 months
Sheela's investment = Rs. 42,000 for 10 months
Total investment = (35000 x 8) + (42000 x 10) = 280000 + 420000 = Rs. 700,000
Next, we need to calculate the ratio of their investments.
Ramya's share = (35000 x 8)/700000 = 0.4
Sheela's share = (42000 x 10)/700000 = 0.6
Now, we can calculate Ramya's share of the profit using the ratio.
Ramya's share of profit = 0.4 x Rs. 31,570 = Rs. 12,628
Therefore, Ramya's share of the profit is Rs. 12,628.
Hence, the correct answer is option (A).
Ramya's investment = Rs. 35,000
Sheela's investment = Rs. 42,000
Ramya invested for 8 months
Sheela invested for 10 months
Total profit = Rs. 31,570
To find: Ramya's share of profit
Solution:
First, we need to calculate the total investment made by both partners.
Ramya's investment = Rs. 35,000 for 8 months
Sheela's investment = Rs. 42,000 for 10 months
Total investment = (35000 x 8) + (42000 x 10) = 280000 + 420000 = Rs. 700,000
Next, we need to calculate the ratio of their investments.
Ramya's share = (35000 x 8)/700000 = 0.4
Sheela's share = (42000 x 10)/700000 = 0.6
Now, we can calculate Ramya's share of the profit using the ratio.
Ramya's share of profit = 0.4 x Rs. 31,570 = Rs. 12,628
Therefore, Ramya's share of the profit is Rs. 12,628.
Hence, the correct answer is option (A).
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Community Answer
Ramya and Sheela are partners in a business, Ramya invests Rs, 35,000 ...
Since, Ramya invested for 8 months and Sheela invested for 10 months, Ratio of their shares = (35000 * 8 ) : (42000 * 10) = 2 : 3.
Ramya's share Rs. 31570 * (2 / 5) = Rs. 12628.
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