A, B and C entered into a partnership business, A invested Rs. x, B invested 20% more than A and C invested \(111\frac{1}{9}\% \) of B. After 8 months B left the business and A withdraws 50% of his investment and after 2 more months A left the business whereas C increased his investment by 12.5%. Quantity I: If at the end of the year difference between profit shares of C and (A + B) together is Rs. 2822, then find the profit share of C? Quantity II: If total profit is Rs. 198596, then find the average of the profit share of (A + B) together?

A, B and C entered into a partnership business, A invested Rs. x, B invested 20% more than A and C invested \(111\frac{1}{9}\% \) of B. After 8 months B left the business and A withdraws 50% of his investment and after 2 more months A left the business whereas C increased his investment by 12.5%. Quantity I: If at the end of the year difference between profit shares of C and (A + B) together is Rs. 2822, then find the profit share of C? Quantity II: If total profit is Rs. 198596, then find the average of the profit share of (A + B) together? Correct Answer Quantity I < Quantity II

Quantity I:

Ratio of investment of A, B and C

⇒ x : 6x / 5 : 4x / 3

⇒ 15x : 18x : 20x

Quantity I:

Profit share of A : B : C = (15x × 8 + 7.5x × 2) : (18x × 8) : (20x × 10 + 22.5 × 2)

⇒ 135x : 144x : 245x

Now,

(A + B) - C = 2822

⇒ 279x - 245x = 2822

⇒ x = 83

∴ Profit share of C = 245 × 83 = Rs. 20335

Quantity II:

Profit share of A = 135 / 524 × 198596 = 135 × 379 = 51165

Profit share of B = 144 / 524 × 198596 = 144 × 379 = 54576

Average profit of A and B = (51165 + 54576) / 2 = Rs. 52870.5

∴ Quantity I < Quantity II

Related Questions

Each question below is followed by two statements I and II. You have to determine whether the data given in the statements are sufficient for answering the question. You should use the data and your knowledge of Mathematics to choose the best possible answer. What is the amount received by Shimona? I. Samarth and Shimona started a business with an investment in the ratio of 5 ∶ 4. After 4 months Sujoy joined their business with an amount 20% more than that of Samarth after 2 more months Shimona took out 25% of her investment. The total profit obtained after the end of year is Rs.25000. II. Samarth invested Rs.7000 more than that of Shimona. Sujoy invested 9000 more than Samarth and the difference between the profit earned by them is Rs.2000.