Join ExamsbookAnswer : 1. "10000 and 15000"
A and B invests Rs.10000 each, A investing for 8 months and B investing for all the 12 months in the year. If the total profit at the end of the year is Rs.25000, find their shares?5
Q: A and B invests Rs.10000 each, A investing for 8 months and B investing for all the 12 months in the year. If the total profit at the end of the year is Rs.25000, find their shares?
- 110000 and 15000true
- 215000 and 10000false
- 35000 and 20000false
- 420000 and 5000false
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Answer : 1. "10000 and 15000"
Explanation :
Answer: A) 10000 and 15000 Explanation: As both A and B invest the same amounts, the ratio of their profits at the end of the year is equal to the ratio of the time periods for which they have invested. Thus, the required ratio of their profits = A : B = 8 : 12 = 2 : 3. Hence, share of A in the total profit = 2 x 25000/5 = Rs.10000 Similarly, share of B in the total profit = 3 x 25000/5 = Rs.15000