Question
"Abhinav" and "Pankaj" launched a business venture with
investments of Rs. 1400 and Rs. 2100, respectively. The ratio of the time for which "Abhinav" and "Pankaj" invested their capital is 4:3, respectively. If their joint profit amounts to Rs. 3400, calculate "Pankaj's" share of the profit from the total.Solution
ATQ, Let the time of investment of ‘Abhinav’ and ‘Pankaj’ be ‘4a’ years and ‘3a’ years, respectively Ratio of profits received by ‘Abhinav’ and ‘Pankaj’ = (1400 × 4a):(2100 × 3a) = 8:9 Profit share of ‘Pankaj’ = 3400 × {9/(8 + 9)} = Rs.1800
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