Bissoy.com
Doctors Medicines MCQs Q&A

Dravid started his business with a capital of $20,000 in 2016 and he invested additional 20% of his initial capital in 2017, where his friend Sehwag joined him with a capital of $20,000. In 2018 both has invested an additional amount of 30% of their initial capital and their friend Ganguly joined them with a capital of $10,000. Find the share of Sehwag, if at the end of 2018, the total profit earned by them is $2,75,000?

Dravid started his business with a capital of $20,000 in 2016 and he invested additional 20% of his initial capital in 2017, where his friend Sehwag joined him with a capital of $20,000. In 2018 both has invested an additional amount of 30% of their initial capital and their friend Ganguly joined them with a capital of $10,000. Find the share of Sehwag, if at the end of 2018, the total profit earned by them is $2,75,000? Correct Answer $97307

GIVEN :

Dravid started his business with a capital of $20,000 in 2016 and he invested additional 20% of his initial capital in 2017

Sehwag joined him with a capital of $20,000. In 2018 both has invested an additional amount of 30% of their initial capital

Ganguly joined them with a capital of $10,000. 

Total profit earned by them is $2,75,000

 

FORMULA USED :

Profit = Investment x Time

 

CALCULATION :

Dravid’s capital = 20000 × 12 + 20000 × 1.20 × 12 + (24000 + 6000) × 12 

Sehwag’s capital = 20000 × 12 + 26000 × 12 

Ganguly’s capital = 10000 × 12 

Dravid ∶ Sehwag ∶ Ganguly = (240 + 288 + 360) ∶ (240 + 312) ∶ 120 

= 888 ∶ 552 ∶ 120 = 37 ∶ 23 ∶ 5 

∴ Sehwag’s share = 23/65 × 275000 = $97307.69 ≈ $97307

 

Related Questions

In the following question, two statements are numbered as A and B. On solving these statements, we get quantities A and B respectively. Solve both quantities and choose the correct option. Quantity A: X and Y started a partnership business by investing in the ratio 5 ∶ 6. Z joined them after 4 months with an amount equal to 2/3rd of that of Y. What was their total profit at the end of the year, if Z got Rs. 28000 as his share? Quantity B: Two friends P and Q started a business investing amount in the ratio of 5 : 6. R joined them after 6 months investing an amount equal to that of Q’s amount. At the end of year 20% profit was earned which was equal to Rs. 98,000. What was the amount invested by R?
Sekar 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, Sekar invested another additional amount of Rs.10,000 and 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?
Given below are two quantities named 1 and 2. Based on the given information, you have to determine the relation between the two quantities. You should use the given data and your knowledge of Mathematics to choose between the possible answers. Quantity 1: Amount invested by Samuel. Samuel gets Rs. 6750 out of total profit of Rs. 9000 And he invested Rs. 10000 more amount than his partner for 8 months and his partner Jack invested his amount for whole the year. Quantity 2: Share of Q, if the total profit at the end of the year is Rs. 86400. P, Q and R started a business with a total investment of Rs. 72,0000. P invested Rs. 60,000 more than Q and Q invested Rs. 30,000 less than R.
Given below are three quantities named A, B and C. Based on the given information, determine the relation among the three quantities. P invested Rs. 10000 more than Q in a business, but at the end of the year, they received profit in the ratio 11 ∶ 10, such that P received Rs. 2100 more than Q. R and S also invested in another business in the ratio 1 ∶ 2, but at the end of the year, they received profit in the ratio 6∶ 7, such that R received Rs. 2400 less than S. Quantity A: If P withdrew Rs. 10000 after 6 months of investment, how much money did he initially invested? Quantity B: If S withdrew Rs. 50000 after 4 months of investment, how much money did he initially invested? Quantity C: How much total profit did all four of them earned at the end of the year?
Two quantities I and II are given in the following questions. You have to find the values of both I and II by using your knowledge of mathematics and choose the most suitable relation between quantity I and II from the given options. Quantity I: Two persons A and B started a business with their certain initial capital. If A and B invested their capital in the business for 12 years and 8 years respectively and the ratio of their profit from the business is 21 : 16, then what is the initial capital invested by A if B invested Rs. 16000. (Consider only numerical value) Quantity II: Ratio of male to female who have a Visa card is 8 : 5 while the ratio of male to female who have a Master card is 4 : 7. The ratio of males who have a Visa card to those who have a Master card is 2 : 1. If the total number of males who have both cards is 15000 then find the total number of females who have both cards?
Pinnu invested Rs. 55000 in mask factory for the whole year. After 4 months of Pinnu, Laxmi joined him and invested Rs. 70000. Next year Pinnu invested Rs. 10000 more and Laxmi withdrew Rs. 10000 and at the end of two years profit earned by Pinnu is Rs. 32375. Find the total profit if they distributed half of the total profit equally and rest in the capital ratio.
A and B started a business with some amount ratio of 2 : 1. After some months they double their share and after 2 months, B leaves the business and C joined the business with an amount Rs. 10000. After 4 months of joining, C doubles his money, and B comes back to the business with his initial principal Rs. 2000. At the end of the year, it is seen that the share of A and C are the same. After how many month A and B double their amount?
The given question consists of three statements numbered I, II and III. You have to decide whether the data provided in the statements are sufficient to answer the question. Read all the statements and answer the question. Three friends Praveen, Ranveer and Hrithik started a business investing money in the ratio of 5 ∶ 4 ∶ 2 for a period of 3 years. What is the amount received by Praveen as his share in the total profit? I. Total amount invested in the business is Rs. 22,000. II. Profit earned at the end of 3 years is 3/8th of the total investment. III. The average amount of profit earned per year is Rs. 2750.
Three friends, P, Q and R started a partnership business investing money in the ratio of 5 : 4 : 2 respectively for a period of 3 years. What is the amount received by P as his share in the total profit ? a. Total amount invested in the business in Rs. 22,000. b. Profit earned at the end of 3 years is 3/8 of the total investment. c. The average amount of profit earned per year is Rs. 2750.
Ajay, udi and ravi have invested amount in business. Udi invested twice the amount then ajay and ravi invested thrice the amount then ajay. Ajay was the first one to invest, udi invested after 3 months in the business and ravi invested after 5 months then ajay. If the udi invested Rs. 20,000 and they earned a profit of 17% at end of one year then what is ajay’s share in profit?