Gagan earn 57.14% of the net profit made by the company at the end of 2 years. If Net profit earn by company is Rs. 77,000 and investment of Vikas is Rs. 1,50,000 who join the company 6 month after the initiated by Gagan. The investment of Gagan is Rs…..

Gagan earn 57.14% of the net profit made by the company at the end of 2 years. If Net profit earn by company is Rs. 77,000 and investment of Vikas is Rs. 1,50,000 who join the company 6 month after the initiated by Gagan. The investment of Gagan is Rs….. Correct Answer 1,50,000

Total profit = Rs. 77,000

Investment of Vikas = Rs. 1,50,000

Profit made by Vikas = (100 – 57.14)% of 77000 = (1 - 4/7) × 77000 = (3/7) × 77000 = Rs. 33,000

Profit made by Gagan = 77000 – 33000 = Rs. 44,000

For the investment of Gagan-

Consider the investment of Gagan = Rs. x,

⇒ (x × 24) / (150000 × 18) = 44000/33000

⇒ (x × 24) = (4/3) × (150000 × 18)

⇒ x = (4 × 150000 × 18) / (24 × 3)

∴ Investment of Gagan = x = Rs. 1,50,000

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