Question
Download Solution PDFThree friends A, B, C invested in a business in the ratio of 3 ∶ 2 ∶ 6. After 6 months C withdraw half his capital. If the total profit earned for the year is Rs.53010 (in Rs.).Then Profit made by A is
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven :
The ratio of investments of A B and C = 3 : 2 : 6
After 6 months C withdraws half of his capital
Total profit earned in the year = Rs. 53010
Concept:
Investment = Capital x Duration of investment (in months)
Ratio of profits = Ratio of investments around 1 year
Calculation :
Let, the initial capital of A, B and C be 3a, 2a, and 6a
Now, Investment of A for 1 year = 12 x 3a = 36a
Investment of B for 1 year = 12 x 2a = 24a
According to the given data, C invested 6a for the first 6 months and 3a for the next 6 months.
Investment of C for 1 year = 6 x 6a + 6 x 3a = 54a
Now, Ratio of their profits = 36a : 24a : 54a = 6 : 4 : 9
∴ Profit made by A = \(\dfrac{6}{6+4+9}× 53010 \)
⇒ \(\dfrac{6}{19}\) × 53010 = Rs. 16740
∴ The profit made by A is Rs. 16740.
Shortcut TrickRatio of their profits = \(12× 3:12×2:6(6+3) = 6:4:9\)
Profit of A = \(\dfrac{6}{19}× 53010 = 16740\)
Mistake Points According to the given data, C invested his initial amount for 6 months and after that, he withdrew half of his initial amount.
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