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Rajib, Barun, and Anil engaged in work together. it was agreed that Rajib would invest Rs 4875 for 8 months, Barun Rs 8400 for 5 months, and Anil Rs 15000 for 2 months. Rajib wants to be the working member for which, he was to receive 5% of the profits. The total profit earned was Rs 7400. Calculate the share of Anil in the profit.
- a)Rs 1900
- b)Rs 2900
- c)Rs 2660
- d)Rs 1850
Correct answer is option 'A'. Can you explain this answer?
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Rajib, Barun, and Anil engaged in work together. it was agreed that R...
Given Information:
- Rajib invested Rs 4875 for 8 months.
- Barun invested Rs 8400 for 5 months.
- Anil invested Rs 15000 for 2 months.
- Rajib is the working member and he will receive 5% of the profits.
- The total profit earned is Rs 7400.
To find: Share of Anil in the profit.
Calculations:
1. Calculate the total investment made by each member:
- Rajib's investment = Rs 4875 x 8 = Rs 39000
- Barun's investment = Rs 8400 x 5 = Rs 42000
- Anil's investment = Rs 15000 x 2 = Rs 30000
2. Calculate the ratio of their investments:
- Ratio of Rajib's investment : Barun's investment : Anil's investment
= Rs 39000 : Rs 42000 : Rs 30000
Simplifying the ratio, we get 13:14:10.
3. Calculate the share of Rajib:
- Rajib's share = 5% of total profit
= (5/100) x Rs 7400
= Rs 370
4. Calculate the total share of Rajib, Barun, and Anil:
- Total share = Rajib's share + Barun's share + Anil's share
= Rs 370 + Barun's share + Anil's share
5. We have the ratio of their investments as 13:14:10. Let's assume their shares in the profit are also in the same ratio:
- Ratio of Rajib's share : Barun's share : Anil's share
= 13x : 14x : 10x
6. Substitute the values in the total share equation:
Rs 370 + 14x + 10x = Rs 7400
7. Simplify the equation:
24x = Rs 7030
x = Rs 7030/24
x ≈ Rs 292.92
8. Calculate Anil's share:
- Anil's share = 10x
≈ 10 x Rs 292.92
≈ Rs 2929.2
≈ Rs 2900 (approximated to the nearest rupee)
Hence, the share of Anil in the profit is Rs 2900 (option B).
- Rajib invested Rs 4875 for 8 months.
- Barun invested Rs 8400 for 5 months.
- Anil invested Rs 15000 for 2 months.
- Rajib is the working member and he will receive 5% of the profits.
- The total profit earned is Rs 7400.
To find: Share of Anil in the profit.
Calculations:
1. Calculate the total investment made by each member:
- Rajib's investment = Rs 4875 x 8 = Rs 39000
- Barun's investment = Rs 8400 x 5 = Rs 42000
- Anil's investment = Rs 15000 x 2 = Rs 30000
2. Calculate the ratio of their investments:
- Ratio of Rajib's investment : Barun's investment : Anil's investment
= Rs 39000 : Rs 42000 : Rs 30000
Simplifying the ratio, we get 13:14:10.
3. Calculate the share of Rajib:
- Rajib's share = 5% of total profit
= (5/100) x Rs 7400
= Rs 370
4. Calculate the total share of Rajib, Barun, and Anil:
- Total share = Rajib's share + Barun's share + Anil's share
= Rs 370 + Barun's share + Anil's share
5. We have the ratio of their investments as 13:14:10. Let's assume their shares in the profit are also in the same ratio:
- Ratio of Rajib's share : Barun's share : Anil's share
= 13x : 14x : 10x
6. Substitute the values in the total share equation:
Rs 370 + 14x + 10x = Rs 7400
7. Simplify the equation:
24x = Rs 7030
x = Rs 7030/24
x ≈ Rs 292.92
8. Calculate Anil's share:
- Anil's share = 10x
≈ 10 x Rs 292.92
≈ Rs 2929.2
≈ Rs 2900 (approximated to the nearest rupee)
Hence, the share of Anil in the profit is Rs 2900 (option B).
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Rajib, Barun, and Anil engaged in work together. it was agreed that R...
Given
Rajib, Barun, and Anil engaged in work together
Rajib would invest Rs 4875 for 8 months, Barun Rs 8400 for 5 months, and Anil Rs 15000 for 2 months.
Rajib wants to be the working member for which, he was to receive 5% of the profits
The total profit earned was Rs 7400
Concept used:
Their share of profit is distributed as their investment ratio.
Calculation:
For working member, Rajib received = 5 % of the 7400
⇒ Rs 370
Remaining amount , 7400 - 370 = Rs 7030
The ratio of their investment =
(4875 × 8) : (8400 × 5) : (15000 × 2)
⇒ 39000 : 42000 : 30000
⇒ 13 : 14 : 10
∴ Anil's share = 7030 × (10 / 37)
⇒ 190 × 10
⇒ Rs 1900
So the share of Anil will be Rs 1900
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Rajib, Barun, and Anil engaged in work together. it was agreed that Rajib would invest Rs 4875 for 8 months, Barun Rs 8400 for 5 months, and Anil Rs 15000 for 2 months. Rajib wants to be the working member for which, he was to receive 5% of the profits. The total profit earned was Rs 7400. Calculate the share of Anil in the profit.a)Rs 1900b)Rs 2900c)Rs 2660d)Rs 1850Correct answer is option 'A'. Can you explain this answer?
Question Description
Rajib, Barun, and Anil engaged in work together. it was agreed that Rajib would invest Rs 4875 for 8 months, Barun Rs 8400 for 5 months, and Anil Rs 15000 for 2 months. Rajib wants to be the working member for which, he was to receive 5% of the profits. The total profit earned was Rs 7400. Calculate the share of Anil in the profit.a)Rs 1900b)Rs 2900c)Rs 2660d)Rs 1850Correct answer is option 'A'. Can you explain this answer? for SSC CGL 2024 is part of SSC CGL preparation. The Question and answers have been prepared according to the SSC CGL exam syllabus. Information about Rajib, Barun, and Anil engaged in work together. it was agreed that Rajib would invest Rs 4875 for 8 months, Barun Rs 8400 for 5 months, and Anil Rs 15000 for 2 months. Rajib wants to be the working member for which, he was to receive 5% of the profits. The total profit earned was Rs 7400. Calculate the share of Anil in the profit.a)Rs 1900b)Rs 2900c)Rs 2660d)Rs 1850Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for SSC CGL 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Rajib, Barun, and Anil engaged in work together. it was agreed that Rajib would invest Rs 4875 for 8 months, Barun Rs 8400 for 5 months, and Anil Rs 15000 for 2 months. Rajib wants to be the working member for which, he was to receive 5% of the profits. The total profit earned was Rs 7400. Calculate the share of Anil in the profit.a)Rs 1900b)Rs 2900c)Rs 2660d)Rs 1850Correct answer is option 'A'. Can you explain this answer?.
Rajib, Barun, and Anil engaged in work together. it was agreed that Rajib would invest Rs 4875 for 8 months, Barun Rs 8400 for 5 months, and Anil Rs 15000 for 2 months. Rajib wants to be the working member for which, he was to receive 5% of the profits. The total profit earned was Rs 7400. Calculate the share of Anil in the profit.a)Rs 1900b)Rs 2900c)Rs 2660d)Rs 1850Correct answer is option 'A'. Can you explain this answer? for SSC CGL 2024 is part of SSC CGL preparation. The Question and answers have been prepared according to the SSC CGL exam syllabus. Information about Rajib, Barun, and Anil engaged in work together. it was agreed that Rajib would invest Rs 4875 for 8 months, Barun Rs 8400 for 5 months, and Anil Rs 15000 for 2 months. Rajib wants to be the working member for which, he was to receive 5% of the profits. The total profit earned was Rs 7400. Calculate the share of Anil in the profit.a)Rs 1900b)Rs 2900c)Rs 2660d)Rs 1850Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for SSC CGL 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Rajib, Barun, and Anil engaged in work together. it was agreed that Rajib would invest Rs 4875 for 8 months, Barun Rs 8400 for 5 months, and Anil Rs 15000 for 2 months. Rajib wants to be the working member for which, he was to receive 5% of the profits. The total profit earned was Rs 7400. Calculate the share of Anil in the profit.a)Rs 1900b)Rs 2900c)Rs 2660d)Rs 1850Correct answer is option 'A'. Can you explain this answer?.
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Rajib, Barun, and Anil engaged in work together. it was agreed that Rajib would invest Rs 4875 for 8 months, Barun Rs 8400 for 5 months, and Anil Rs 15000 for 2 months. Rajib wants to be the working member for which, he was to receive 5% of the profits. The total profit earned was Rs 7400. Calculate the share of Anil in the profit.a)Rs 1900b)Rs 2900c)Rs 2660d)Rs 1850Correct answer is option 'A'. Can you explain this answer?, a detailed solution for Rajib, Barun, and Anil engaged in work together. it was agreed that Rajib would invest Rs 4875 for 8 months, Barun Rs 8400 for 5 months, and Anil Rs 15000 for 2 months. Rajib wants to be the working member for which, he was to receive 5% of the profits. The total profit earned was Rs 7400. Calculate the share of Anil in the profit.a)Rs 1900b)Rs 2900c)Rs 2660d)Rs 1850Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of Rajib, Barun, and Anil engaged in work together. it was agreed that Rajib would invest Rs 4875 for 8 months, Barun Rs 8400 for 5 months, and Anil Rs 15000 for 2 months. Rajib wants to be the working member for which, he was to receive 5% of the profits. The total profit earned was Rs 7400. Calculate the share of Anil in the profit.a)Rs 1900b)Rs 2900c)Rs 2660d)Rs 1850Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
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