Ram and Sham start running a business together by investing Rs. 4000 and Rs 5000 respectively. If at the end of the year the total profit earned by them was Rs 1800 then what was the share of ram? Question Description : 9001000200800
Question
Ram and Sham start running a business together by investing Rs. 4000 and Rs 5000 respectively. If at the end of the year the total profit earned by them was Rs 1800 then what was the share of ram? Question Description : 9001000200800
Solution
The profit share of a business is usually divided based on the ratio of the initial investments made by the partners.
Step 1: Find the ratio of Ram's and Sham's investments. Ram's investment = Rs. 4000 Sham's investment = Rs. 5000 So, the ratio of Ram's investment to Sham's investment = 4000:5000 = 4:5
Step 2: Divide the total profit based on the investment ratio. The total profit = Rs. 1800 Ram's share of the profit = (4/(4+5)) * 1800 = Rs. 800
So, Ram's share of the profit is Rs. 800.
Similar Questions
Rs.15000 were invested by Ram and Shyam together to start a small business.They got a profit of Rs.2000 at the end of the year.Shyam took his profit share of Rs.600.How much did Ram invest?Rs.9000Rs.4500Rs.10500Rs.11000
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
Ramu and Renuka enter into a partnership with investment of Rs. 50000 and Rs. 70000 respectively. Renuka gets 10% of the total profit for maintaining the business and the remaining profit is divided in the ratio of their investments. If the total profit at the end of the year is Rs. 30000, find the total share of Renuka?OptionsRs. 16000Rs. 16750Rs. 19750Rs. 11250
Three friends (Amar, Mohan and Sham) started partnership business by investing Rs.1,00,000, Rs.1,40,000 and Rs.1,60,000 respectively. After eight months, Ramesh joins them with his capital of Rs.50,000. If, at the end of the year, a profit of Rs.30,500 was made, what would be the difference between the shares of Sham and Mohan?Rs.675Rs.950Rs.1200Rs.1464
Kiran started a business investing Rs.20,000.After 4 months,Sanket joined with a capital of Rs.12000.At the end of the year,they earn a profit of Rs.14,000.Find what will be the share of Sanket in the profit?Rs.2880Rs.3000Rs.4000Rs.3700
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.