Ajay, Rohit, and Rohan together started a business by investing ₹ 35000, ₹ 28000, and ₹ 56000 respectively, but after six months Rohit and Rohan withdrew half of their capitals and at the end of the year they earned a profit of ₹ 154000. What is the profit of Rohit in the total profit?
Ajay, Rohit, and Rohan together started a business by investing ₹ 35000, ₹ 28000, and ₹ 56000 respectively, but after six months Rohit and Rohan withdrew half of their capitals and at the end of the year they earned a profit of ₹ 154000. What is the profit of Rohit in the total profit? Correct Answer ₹ 33000
Given:
The initial investment of Ajay = ₹ 35000
The initial investment of Rohit = ₹ 28000
The initial investment of Rohan = ₹ 56000
Total Profit = ₹ 154000
Concept used:
Profit = Investment × time period
Calculation:
Ajay invested 35000 for 12 months,
⇒ Total investment of Ajay = (35000 × 12)
⇒ 420000
Rohit invested 28000 for 6 months and (1/2) × (28000) for next 6 months,
⇒ Total investment of Rohit =
⇒ 252000
Rohan invested 56000 for 6 months and (1/2) × (56000) for next 6 months,
⇒ Total investment of Rohan =
⇒ 504000
Profit ratio = 420000 : 252000 : 504000
⇒ 5x : 3x : 6x = 14x
⇒ 14x = 154000
⇒ x = 11000
Profit of Rohit = 3x = 3 × 11000
∴ The profit of Rohit is ₹ 33000.