Bissoy.com
Doctors Medicines MCQs Q&A

A starts a taxi service by investing Rs. 25 lakhs. After 3 months, B joins the business by investing RS 40 lakhs then 4 months after B joined, C too joins by investing Rs. 50 lakhs. One year after A started the business they make Rs 2,73,000 in profit . What is C's share of the profit(in Rs)?

A starts a taxi service by investing Rs. 25 lakhs. After 3 months, B joins the business by investing RS 40 lakhs then 4 months after B joined, C too joins by investing Rs. 50 lakhs. One year after A started the business they make Rs 2,73,000 in profit . What is C's share of the profit(in Rs)? Correct Answer Rs.75,000

Given

A starts a taxi service by investing Rs. 25 lakhs

After 3 months, B joins the business by investing Rs 40 lakhs

4 months after B joined, C to joins by investing Rs. 50 lakhs

Concept used

The ratio of investing money by three is same as the ratio of profit they earned

Calculation

A start business by investing 25 lakh rupees for 12 month

So total invest = 2500000 × 12

B invest  40 lakh money after 3 months of A

B invest 40 lakh for 9 months

B invest = 4000000 × 9

C invest money 5 months after B 

So C invest 5000000 for 5 months

The ratio of A, B and C investing = 2500000 × 12 : 4000000 × 9 : 5000000 × 5

⇒ 30 : 36 : 25

Profit ratio is also same i.e 30 : 36 : 25

Total profit  is Rs.273000

Profit share of C is 25/(30 + 36 + 25){273000}

∴ C's share of the Profit is Rs.75,000

Related Questions

A taxi service company has 20 outstation taxi, 25 prime taxi and 40 mini taxi. The fixed monthly rent of all the taxies is Rs. 180,000. It costs Rs. 100, Rs. 80 and Rs. 50 per day towards the maintenance of each outstation taxi, prime taxi and mini taxi, respectively. They charge Rs. 2000, Rs. 500 and Rs. 100 per day to rent an outstation taxi, prime taxi and mini taxi, respectively. In month of June 2020, only 5% of outstation taxi, 20% of prime taxi and 50% of mini taxi were booked. Then, what is the profit or loss percent for July 2020?
A starts a taxi service by investing Rs. 25 lakhs. After 3 months, B joins the business by investing Rs. 40 lakhs then 4 months after B joined, C too joins them by investing Rs. 50 lakhs. One year after A started the business, they make Rs. 2,73,000 in profit. What is C's share of the profit (in Rs)?
A starts a taxi service by investing Rs 25 lakhs. After 3 months, B joins the business by investing Rs 40 lakhs then 4 months after B joined, C too joins themby investing Rs 50 lakhs. One year after A started the business they make Rs 2,73,000 in profit. What is C's share of the profit (in Rs)?
A starts a cement trading business by investing Rs 5 lakhs. After 2 months, B joins the business by investing Rs.10 lakhs .And 4 months after B joined, C too joins them by investing Rs. 20 lakhs. 1 year after A started the business, they made Rs. 3,50,000 in profit. What is B's share of the profit (in Rs.)?
A starts a cement trading business by investing Rs 5 lakhs. After 2 months, B joins the business by investing Rs 10 lakhs and then 4 months after Bjoined C too joins them by investing Rs 20 lakhs. 1 year after A started the business they make Rs 3,50,000 in profit. What is B's share of the profit (in Rs)?
A started a trading firm by investing Rs. 10 lakhs. After 4 months, B joined the business by investing Rs. 15 lakhs then 2 months after B joined C too joined them by investing Rs. 20 lakhs. 1 year after A started the business they made Rs. 6,00,000 in profit. What is C's share of the profit (in Rs.)?
A started a trading firm by investing Rs. 10 lakhs. After 4 months, B joined the business by investing Rs. 15 lakhs then 2 months after B joined C too joined them by investing Rs. 20 lakhs. 1 year after A started the business they made Rs. 6,00,000 in profit. What is C’s share of the profit (in Rs.)?
X and Y started a business by investing Rs. 9.84 lakhs in the ratio 21 ∶ 20. After 5 months, X increased his investment by Rs. 2.96 lakhs. After a month, Z joined the business by investing Rs. 10 lakhs. After another month, Y sold 50% of his share to Z, while X increased his investment by Rs. 2 lakhs. At the end of the year, what part of the profit share will Z receive?
A starts a business by investing Rs. 50000. After 3 months B joins the business by investing Rs. 80000. After 5 months of B's joining, C also joins them by investing Rs. 90000. After one year they make Rs. 42000 in profit. What is B's share in the profit?
A and B start a business by investing equal amounts. Four months later, C joins them by investing Rs. 3.5 lakhs. By withdrawing his investment in the business B leaves the business 4 months after C joined. At the end of the year the business makes Rs. 62,400 profit out of which A collects Rs. 24,000 as his share of profit. How much should be paid to C (in Rs.) as his share of profit?