X, Y, and Z started a business in partnership by investing ₹ 6000, ₹ 8000, and ₹ 12,000, respectively. X and Y are active partners and get 10% and 20% of total profit respectively and the remaining profit is to be distributed among them in the ratio of their investment. If Z got a total ₹ 1260 as a profit, then, what was the total amount of profit?
X, Y, and Z started a business in partnership by investing ₹ 6000, ₹ 8000, and ₹ 12,000, respectively. X and Y are active partners and get 10% and 20% of total profit respectively and the remaining profit is to be distributed among them in the ratio of their investment. If Z got a total ₹ 1260 as a profit, then, what was the total amount of profit? Correct Answer ₹ 3900
Given:
X = ₹ 6000, Y = ₹ 8000, Z = ₹ 12,000
X and Y are active partner and receives 10% and 20% of total profit respectively.
Z’s profit share = ₹ 1260
Calculation:
The ratio of the investment of X, Y and Z = 6000 : 8000 : 12000
⇒ 3 : 4 : 6
Suppose the total amount of profit is 100x.
Being active partners X and Y receives 10% and 20% of total profit.
Therefore, remaining profit = 70% of 100x = 70x
∴ Share of profit of Z = 6/13 × 70x
According to question -
⇒ 6/13 × 70x = 1260
⇒ 420x/13 = 1260
⇒ x/13 = 3
⇒ x = (13 × 3)
⇒ x = 39
⇒ 100x = 3900
∴ The total amount of profit was ₹ 3900