Question:
Shekhar started a business investing Rs. 25,000 in 1999. In 2000, he invested an additional amount of Rs. 10,000 and Rajeev joined him with an amount of Rs. 35,000. In 2001, Shekhar invested another additional amount of Rs. 10,000 and then Jatin joined them with an amount of Rs. 35,000. What will be Rajeev’s share in the profit of Rs. 1,50,000 earned at the end of 3 years from the start of the business in 1999?
Shekhar started a business investing Rs. 25,000 in 1999. In 2000, he invested an additional amount of Rs. 10,000 and Rajeev joined him with an amount of Rs. 35,000. In 2001, Shekhar invested another additional amount of Rs. 10,000 and then Jatin joined them with an amount of Rs. 35,000. What will be Rajeev’s share in the profit of Rs. 1,50,000 earned at the end of 3 years from the start of the business in 1999?
Updated On: Jan 30, 2025
- Rs.45000
- Rs.50000
- Rs.70000
- Rs.75000
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The Correct Option is B
Solution and Explanation
The correct option is(B): Shekhar invested Rs. 25,000 for 1st year, Rs. 35,000 for 2nd year and Rs. 45,000 for 3rd year. Rajeev invested Rs. 35,000 for 2 years and Jatin invested Rs. 35,000 for 1 year
Ratio of profits earned by Shekhar, Rajeev and Jatin :
\((25000 × 1 + 35000 × 1 + 45000 × 1) : (35000 × 2) : (35000 × 1)\)
\((25 + 35 + 45) : (70) : (35)\)
\(105 : 70 : 35 = 3 : 2 : 1\)
Rajeev's share in total profit of Rs. 1,50,000= \(\frac{2}{3+2+1}\times150000\)
Rs 50,000
Ratio of profits earned by Shekhar, Rajeev and Jatin :
\((25000 × 1 + 35000 × 1 + 45000 × 1) : (35000 × 2) : (35000 × 1)\)
\((25 + 35 + 45) : (70) : (35)\)
\(105 : 70 : 35 = 3 : 2 : 1\)
Rajeev's share in total profit of Rs. 1,50,000= \(\frac{2}{3+2+1}\times150000\)
Rs 50,000
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