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Peter started a retail business by investing Rs. 25000. After eight months Sam joined him with a capital of Rs. 30,000. After 2 years they earned a profit of Rs. 18000. What was the share of Peter in the profit?
- a)Rs. 12000
- b)Rs. 16000
- c)Rs. 10000
- d)Rs. 20000
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Peter started a retail business by investing Rs. 25000. After eight mo...
Let's calculate the share of Peter in the profit step by step.
Given information:
- Peter invested Rs. 25,000 in the business.
- Sam joined after eight months with a capital of Rs. 30,000.
- They earned a profit of Rs. 18,000 after 2 years.
To calculate the share of Peter in the profit, we need to consider the ratio of their investments and the time period for which they invested.
1. Calculate the ratio of their investments:
- Peter invested Rs. 25,000 for the entire 2 years.
- Sam invested Rs. 30,000 for the remaining (2 - 8/12) years (i.e., 1 year and 4 months).
To calculate the ratio, we multiply the capital with the time period:
- Peter's investment = Rs. 25,000 * 2 = Rs. 50,000
- Sam's investment = Rs. 30,000 * (1 + 4/12) = Rs. 30,000 * (16/12) = Rs. 40,000
Therefore, the ratio of their investments is 50,000:40,000, which simplifies to 5:4.
2. Calculate the share of Peter in the profit:
- The total profit earned is Rs. 18,000.
- We can divide this profit in the ratio of their investments:
- Peter's share = (5 / (5+4)) * 18,000 = (5/9) * 18,000
- Sam's share = (4 / (5+4)) * 18,000 = (4/9) * 18,000
Let's calculate the values:
- Peter's share = (5/9) * 18,000 = Rs. 10,000
- Sam's share = (4/9) * 18,000 = Rs. 8,000
Therefore, the share of Peter in the profit is Rs. 10,000 (option c).
Given information:
- Peter invested Rs. 25,000 in the business.
- Sam joined after eight months with a capital of Rs. 30,000.
- They earned a profit of Rs. 18,000 after 2 years.
To calculate the share of Peter in the profit, we need to consider the ratio of their investments and the time period for which they invested.
1. Calculate the ratio of their investments:
- Peter invested Rs. 25,000 for the entire 2 years.
- Sam invested Rs. 30,000 for the remaining (2 - 8/12) years (i.e., 1 year and 4 months).
To calculate the ratio, we multiply the capital with the time period:
- Peter's investment = Rs. 25,000 * 2 = Rs. 50,000
- Sam's investment = Rs. 30,000 * (1 + 4/12) = Rs. 30,000 * (16/12) = Rs. 40,000
Therefore, the ratio of their investments is 50,000:40,000, which simplifies to 5:4.
2. Calculate the share of Peter in the profit:
- The total profit earned is Rs. 18,000.
- We can divide this profit in the ratio of their investments:
- Peter's share = (5 / (5+4)) * 18,000 = (5/9) * 18,000
- Sam's share = (4 / (5+4)) * 18,000 = (4/9) * 18,000
Let's calculate the values:
- Peter's share = (5/9) * 18,000 = Rs. 10,000
- Sam's share = (4/9) * 18,000 = Rs. 8,000
Therefore, the share of Peter in the profit is Rs. 10,000 (option c).
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Peter started a retail business by investing Rs. 25000. After eight months Sam joined him with a capital of Rs. 30,000. After 2 years they earned a profit of Rs. 18000. What was the share of Peter in the profit?a)Rs. 12000b)Rs. 16000c)Rs. 10000d)Rs. 20000Correct answer is option 'C'. Can you explain this answer?
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Peter started a retail business by investing Rs. 25000. After eight months Sam joined him with a capital of Rs. 30,000. After 2 years they earned a profit of Rs. 18000. What was the share of Peter in the profit?a)Rs. 12000b)Rs. 16000c)Rs. 10000d)Rs. 20000Correct answer is option 'C'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Peter started a retail business by investing Rs. 25000. After eight months Sam joined him with a capital of Rs. 30,000. After 2 years they earned a profit of Rs. 18000. What was the share of Peter in the profit?a)Rs. 12000b)Rs. 16000c)Rs. 10000d)Rs. 20000Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Peter started a retail business by investing Rs. 25000. After eight months Sam joined him with a capital of Rs. 30,000. After 2 years they earned a profit of Rs. 18000. What was the share of Peter in the profit?a)Rs. 12000b)Rs. 16000c)Rs. 10000d)Rs. 20000Correct answer is option 'C'. Can you explain this answer?.
Peter started a retail business by investing Rs. 25000. After eight months Sam joined him with a capital of Rs. 30,000. After 2 years they earned a profit of Rs. 18000. What was the share of Peter in the profit?a)Rs. 12000b)Rs. 16000c)Rs. 10000d)Rs. 20000Correct answer is option 'C'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Peter started a retail business by investing Rs. 25000. After eight months Sam joined him with a capital of Rs. 30,000. After 2 years they earned a profit of Rs. 18000. What was the share of Peter in the profit?a)Rs. 12000b)Rs. 16000c)Rs. 10000d)Rs. 20000Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Peter started a retail business by investing Rs. 25000. After eight months Sam joined him with a capital of Rs. 30,000. After 2 years they earned a profit of Rs. 18000. What was the share of Peter in the profit?a)Rs. 12000b)Rs. 16000c)Rs. 10000d)Rs. 20000Correct answer is option 'C'. Can you explain this answer?.
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Peter started a retail business by investing Rs. 25000. After eight months Sam joined him with a capital of Rs. 30,000. After 2 years they earned a profit of Rs. 18000. What was the share of Peter in the profit?a)Rs. 12000b)Rs. 16000c)Rs. 10000d)Rs. 20000Correct answer is option 'C'. Can you explain this answer?, a detailed solution for Peter started a retail business by investing Rs. 25000. After eight months Sam joined him with a capital of Rs. 30,000. After 2 years they earned a profit of Rs. 18000. What was the share of Peter in the profit?a)Rs. 12000b)Rs. 16000c)Rs. 10000d)Rs. 20000Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of Peter started a retail business by investing Rs. 25000. After eight months Sam joined him with a capital of Rs. 30,000. After 2 years they earned a profit of Rs. 18000. What was the share of Peter in the profit?a)Rs. 12000b)Rs. 16000c)Rs. 10000d)Rs. 20000Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Peter started a retail business by investing Rs. 25000. After eight months Sam joined him with a capital of Rs. 30,000. After 2 years they earned a profit of Rs. 18000. What was the share of Peter in the profit?a)Rs. 12000b)Rs. 16000c)Rs. 10000d)Rs. 20000Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice UPSC tests.
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