Question
Download Solution PDFX started a business with an investment of Rs 20,000. After 3 months, Y joins in with 3/4 of the amount that X invested, and X withdraws Rs 5,000. After 4 more months, Z joins with Rs 15,000, and X again withdraws Rs 3,000. After one year, if Z received Rs 4,500 as his share, what was the total profit?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFX's Investment:
Initial investment = Rs 20,000
After 3 months, X withdraws Rs 5,000:
Remaining investment = Rs 20,000 - Rs 5,000 = Rs 15,000
After 7 months (3 + 4), X withdraws Rs 3,000:
Remaining investment = Rs 15,000 - Rs 3,000 = Rs 12,000
Total investment by X:
Rs 20,000 for 3 months
Rs 15,000 for 4 months
Rs 12,000 for 5 months
Y's Investment:
Y joins after 3 months with34of X's initial investment:
3/4 × 20,000 = Rs 15,000
Y invests Rs 15,000 for the remaining 9 months.
Z's Investment:
Z joins after 7 months with Rs 15,000.
Z invests Rs 15,000 for the remaining 5 months.
The profit-sharing ratio is based on the product of investment and time.
X's Share:
20,000 × 3 + 15,000 × 4 + 12,000 × 5 = 60,000 + 60,000 + 60,000 = 180,000
Y's Share:
15,000 × 9 = 135,000
Z's Share:
15,000 × 5 = 75,000
Profit Sharing Ratio:
X : Y : Z = 180,000 : 135,000 : 75,000
X : Y : Z = 12 : 9 : 5
Z's share is Rs 4,500, which corresponds to 5 parts of the profit-sharing ratio.
Value of 1 Part:
1 part = 4,500 / 5 = 900
Total Profit:
Total parts = 12 + 9 + 5 = 26
Total profit = 26 × 900 = 23,400
Thus, the total profit is Rs 23,400.
Last updated on Jun 17, 2025
-> The IBPS RRB PO 2025 Revised Exam Dates have been released on 16th June 2025.
-> As per the official notice, the Online Preliminary Examination is scheduled for 22nd and 23rd November 2025.
-> The Mains Examination is scheduled for 28th December 2025.
-> IBPS RRB Officer Scale 1 Notification 2025 is expected to be released soon.
-> Prepare for the exam with IBPS RRB PO Previous Year Papers.
-> Also, attempt IBPS RRB PO Mock Test. Check the IBPS RRB PO Exam Analysis here. Also, attempt Free Baking Current Affairs Here