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- Sheela started a business in 2009 by investing Rs.
Question 1:
Sheela started a business in 2009 by investing Rs.50,000. She invested Rs. 20,000 as additional amount in 2010 and her friend Devi joined her with an amount of Rs.70,000. Sheela invested another Rs. 20,000 in 2011 and Anu joined them with Rs. 70,000. At the end of these 3 years, they earned a profit of Rs. 3,00,000. Find Devi's share? A. Rs.1,00,000
Feedback Sheela invested Rs.50,000 for 12 months, Rs.(50000 + 20000) for 12 months and Rs.(50000 + 20000 + 20000) for 12 months.
i.e., she invested Rs.50,000 for 12 months, Rs.70000 for 12 months and Rs.90000 for 12 months.
Devi invested Rs. 70000 for 2 years; i.e., Rs.70000 for 24 months
And, Anu invested Rs.70000 for 1 year; i.e., Rs. 70000 for 12 months.
Their investing ratio:
Sheela : Devi : Anu = (50,000 x 12 + 70000 x 12 + 90000 x 12):(70000 x 24):(70000 x 12)
= (25,20,000):(16,80,000):(8,40,000) = 252:168:84 = 3:2:1
Total profit for 3 years = Rs.3,00,000
Therefore, Devi's share = Rs.(3,00,000 x 2 /(3+2+1)) = Rs.(3,00,000 x 2/6) = Rs.1,00,000
i.e., she invested Rs.50,000 for 12 months, Rs.70000 for 12 months and Rs.90000 for 12 months.
Devi invested Rs. 70000 for 2 years; i.e., Rs.70000 for 24 months
And, Anu invested Rs.70000 for 1 year; i.e., Rs. 70000 for 12 months.
Their investing ratio:
Sheela : Devi : Anu = (50,000 x 12 + 70000 x 12 + 90000 x 12):(70000 x 24):(70000 x 12)
= (25,20,000):(16,80,000):(8,40,000) = 252:168:84 = 3:2:1
Total profit for 3 years = Rs.3,00,000
Therefore, Devi's share = Rs.(3,00,000 x 2 /(3+2+1)) = Rs.(3,00,000 x 2/6) = Rs.1,00,000
B. Rs.1,50,000
C. Rs.1,25,000
D. Rs. 75,000
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