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Suresh and Ramesh started a business investing Rs.24,000 and Rs.40,000 respectively.Out of total profit of Rs.15,000, what is Ramesh's share?Rs.10,000Rs.9375Rs.8520None of these

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Suresh and Ramesh started a business investing Rs.24,000 and Rs.40,000 respectively.Out of total profit of Rs.15,000, what is Ramesh's share?Rs.10,000Rs.9375Rs.8520None of these

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Solution 1

The profit in a business is divided among the partners in the ratio of their investments.

Here, Suresh and Ramesh have invested Rs.24,000 and Rs.40,000 respectively.

So, the ratio of their investments is 24000:40000, which simplifies to 6:10 or 3:5.

The total profit is Rs.15,000.

Ramesh's share of the profit would be his share of the investment ratio multiplied by the total profit.

So, Ramesh's share = (5/8) * 15000 = Rs.9375.

So, the answer is Rs.9375.

This problem has been solved

Solution 2

The profit in a business is divided among the partners in the ratio of their investments.

Step 1: Find the ratio of Suresh's and Ramesh's investments. Suresh's investment : Ramesh's investment = Rs.24,000 : Rs.40,000 = 24 : 40 = 3 : 5

Step 2: The total profit of Rs.15,000 is divided in the ratio 3 : 5.

Step 3: To find Ramesh's share, we divide the total profit into 8 parts (3 + 5 = 8), where each part is equal to Rs.15,000 / 8 = Rs.1875.

Step 4: Ramesh's share is 5 parts out of 8, so his share is Rs.1875 * 5 = Rs.9375.

So, Ramesh's share of the profit is Rs.9375.

This problem has been solved

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