Bank Exams Exam  >  Bank Exams Questions  >  A, B and C started a business by investing Rs... Start Learning for Free
A, B and C started a business by investing Rs. 4x, 10x and 20x, respectively. A invested for 30 months, B
invested for 35 months and C invested for 22 months. A takes 20% of the profit for managing the business and
they divided the rest of the amount proportional to the product of the investment and the time of the
investment. If A got Rs. 6950 as his share in the profit, what was the total amount (in Rs.) of profit ?
Most Upvoted Answer
A, B and C started a business by investing Rs. 4x, 10x and 20x, respec...
Total Profit Calculation
To determine the total profit from the business, we first need to understand how A, B, and C share the profits after A receives his management fee.
Step 1: Calculate the Total Investment Contribution
- A's investment: Rs. 4x for 30 months = 120x
- B's investment: Rs. 10x for 35 months = 350x
- C's investment: Rs. 20x for 22 months = 440x
Step 2: Total Contribution
- Total contribution = A's contribution + B's contribution + C's contribution
- Total contribution = 120x + 350x + 440x = 910x
Step 3: Profit Distribution
- A receives 20% of the total profit (let's denote total profit as P).
- A's share from management = 0.2P
- Remaining profit for A, B, and C = 0.8P
Step 4: Calculate Individual Shares
- A's ratio = 120x / 910x
- B's ratio = 350x / 910x
- C's ratio = 440x / 910x
- A's share of remaining profit = (120/910) * 0.8P
- B's share of remaining profit = (350/910) * 0.8P
- C's share of remaining profit = (440/910) * 0.8P
Step 5: Total Share for A
- Total share for A = 0.2P + (120/910) * 0.8P
- A's total share = 0.2P + (96/910)P = (200+96)/910 * P = (296/910)P
Step 6: Setting Up the Equation
- Given A's share = Rs. 6950
- (296/910)P = 6950
Step 7: Calculate Total Profit (P)
- P = (6950 * 910) / 296
- P = Rs. 21,050
Conclusion
The total amount of profit, P, is Rs. 21,050.
Explore Courses for Bank Exams exam
A, B and C started a business by investing Rs. 4x, 10x and 20x, respectively. A invested for 30 months, Binvested for 35 months and C invested for 22 months. A takes 20% of the profit for managing the business andthey divided the rest of the amount proportional to the product of the investment and the time of theinvestment. If A got Rs. 6950 as his share in the profit, what was the total amount (in Rs.) of profit ?
Question Description
A, B and C started a business by investing Rs. 4x, 10x and 20x, respectively. A invested for 30 months, Binvested for 35 months and C invested for 22 months. A takes 20% of the profit for managing the business andthey divided the rest of the amount proportional to the product of the investment and the time of theinvestment. If A got Rs. 6950 as his share in the profit, what was the total amount (in Rs.) of profit ? for Bank Exams 2024 is part of Bank Exams preparation. The Question and answers have been prepared according to the Bank Exams exam syllabus. Information about A, B and C started a business by investing Rs. 4x, 10x and 20x, respectively. A invested for 30 months, Binvested for 35 months and C invested for 22 months. A takes 20% of the profit for managing the business andthey divided the rest of the amount proportional to the product of the investment and the time of theinvestment. If A got Rs. 6950 as his share in the profit, what was the total amount (in Rs.) of profit ? covers all topics & solutions for Bank Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A, B and C started a business by investing Rs. 4x, 10x and 20x, respectively. A invested for 30 months, Binvested for 35 months and C invested for 22 months. A takes 20% of the profit for managing the business andthey divided the rest of the amount proportional to the product of the investment and the time of theinvestment. If A got Rs. 6950 as his share in the profit, what was the total amount (in Rs.) of profit ?.
Solutions for A, B and C started a business by investing Rs. 4x, 10x and 20x, respectively. A invested for 30 months, Binvested for 35 months and C invested for 22 months. A takes 20% of the profit for managing the business andthey divided the rest of the amount proportional to the product of the investment and the time of theinvestment. If A got Rs. 6950 as his share in the profit, what was the total amount (in Rs.) of profit ? in English & in Hindi are available as part of our courses for Bank Exams. Download more important topics, notes, lectures and mock test series for Bank Exams Exam by signing up for free.
Here you can find the meaning of A, B and C started a business by investing Rs. 4x, 10x and 20x, respectively. A invested for 30 months, Binvested for 35 months and C invested for 22 months. A takes 20% of the profit for managing the business andthey divided the rest of the amount proportional to the product of the investment and the time of theinvestment. If A got Rs. 6950 as his share in the profit, what was the total amount (in Rs.) of profit ? defined & explained in the simplest way possible. Besides giving the explanation of A, B and C started a business by investing Rs. 4x, 10x and 20x, respectively. A invested for 30 months, Binvested for 35 months and C invested for 22 months. A takes 20% of the profit for managing the business andthey divided the rest of the amount proportional to the product of the investment and the time of theinvestment. If A got Rs. 6950 as his share in the profit, what was the total amount (in Rs.) of profit ?, a detailed solution for A, B and C started a business by investing Rs. 4x, 10x and 20x, respectively. A invested for 30 months, Binvested for 35 months and C invested for 22 months. A takes 20% of the profit for managing the business andthey divided the rest of the amount proportional to the product of the investment and the time of theinvestment. If A got Rs. 6950 as his share in the profit, what was the total amount (in Rs.) of profit ? has been provided alongside types of A, B and C started a business by investing Rs. 4x, 10x and 20x, respectively. A invested for 30 months, Binvested for 35 months and C invested for 22 months. A takes 20% of the profit for managing the business andthey divided the rest of the amount proportional to the product of the investment and the time of theinvestment. If A got Rs. 6950 as his share in the profit, what was the total amount (in Rs.) of profit ? theory, EduRev gives you an ample number of questions to practice A, B and C started a business by investing Rs. 4x, 10x and 20x, respectively. A invested for 30 months, Binvested for 35 months and C invested for 22 months. A takes 20% of the profit for managing the business andthey divided the rest of the amount proportional to the product of the investment and the time of theinvestment. If A got Rs. 6950 as his share in the profit, what was the total amount (in Rs.) of profit ? tests, examples and also practice Bank Exams tests.
Explore Courses for Bank Exams exam

Top Courses for Bank Exams

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev