Teena, Reena and Sheena start a business with investment of respectively ₹ 24000, ₹ 28000 and ₹ 20000. Teena invests for 8 months, Reena invest for 10 months and Sheena invests for one year. If the total profit at the end of year is ₹ 25810, then what is the share of Teena?
Teena, Reena and Sheena start a business with investment of respectively ₹ 24000, ₹ 28000 and ₹ 20000. Teena invests for 8 months, Reena invest for 10 months and Sheena invests for one year. If the total profit at the end of year is ₹ 25810, then what is the share of Teena? Correct Answer ₹6960
Given:
Teena, Reena and Sheena start a business with investment of respectively ₹ 24000, ₹ 28000 and ₹ 20000
Teena invests for 8 months, Reena invest for 10 months and Sheena invests for one year.
Total Profit = 25810
Concept:
Ratio in which profit divides = Sum of money invested by individual × Duration for which money is invested.
Calculation:
Ratio in which profit divides = 24000 × 8 : 28000 × 10 : 20000 × 12
⇒ Ratio = 24 × 8 : 28 × 10 : 20 × 12
⇒ Ratio = 24 : 35 : 30
Share of Teena
⇒ 25810 × 24/(24 + 35 + 30)
⇒ 25810 × 24/89
⇒ 290 × 24
⇒ Rs. 6960
∴ The share of teena is Rs. 6960.