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Ram started a business with 15000 and after 3 months Raja joined him with 20000. Ram received 28000 as his annual profit share which included a salary of 12% of the annual profit. What is the annual profit share of Raja?

Ram started a business with 15000 and after 3 months Raja joined him with 20000. Ram received 28000 as his annual profit share which included a salary of 12% of the annual profit. What is the annual profit share of Raja? Correct Answer 22000

Given:

Ram invest in a business of 15000 and Raja invest in a business of 20000

Calculation:

Let the annual profit be X

⇒ The ratio of the part of the total annual profit which is shared in the ratio of the (investment × time)

⇒ (15000 × 12) : (20000 × 9) = 1 : 1

⇒ Hence, the share of Ram = (1/2) (88X/100) + 12X/100 = 28000

⇒ X = 50000

⇒ Annual profit share of Raja = 50000 - 28000 = 22000

∴ The required result will be 22000.

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