Select the correct answerA started a business with Rs. 18000. After 4 months B joins with Rs. 24000. After 2 more months C joins with Rs. 30000. At the end of 10 months C received Rs. 1850 as his share. Find the total profit?OptionsRs. 9030Rs. 1955Rs. 6510Rs. 6845
Question
Select the correct answerA started a business with Rs. 18000. After 4 months B joins with Rs. 24000. After 2 more months C joins with Rs. 30000. At the end of 10 months C received Rs. 1850 as his share. Find the total profit?OptionsRs. 9030Rs. 1955Rs. 6510Rs. 6845
Solution
To find the total profit, we need to calculate the individual shares of A, B, and C first.
Let's start by calculating the share of C. We know that C received Rs. 1850 as his share after 10 months. Since C joined after 6 months, his share will be calculated for the remaining 4 months.
Let's assume the total profit at the end of 10 months is P.
The share of C for 4 months can be calculated as (1850/10) * 4 = Rs. 740.
Now, let's calculate the share of A and B for the entire 10 months.
A invested Rs. 18000 and B invested Rs. 24000. The ratio of their investments is 18000:24000, which simplifies to 3:4.
Let's assume the share of A for 10 months is 3x and the share of B for 10 months is 4x.
The total share of A, B, and C for 10 months will be 3x + 4x + 740.
According to the given information, the total share of C is Rs. 1850. So, we can write the equation as 3x + 4x + 740 = 1850.
Simplifying the equation, we get 7x + 740 = 1850.
Subtracting 740 from both sides, we get 7x = 1110.
Dividing both sides by 7, we get x = 1110/7 = 158.57.
Now, let's calculate the total profit by multiplying the share of A and B for 10 months by their respective ratios.
The share of A for 10 months = 3x = 3 * 158.57 = Rs. 475.71.
The share of B for 10 months = 4x = 4 * 158.57 = Rs. 634.28.
The total profit = share of A + share of B + share of C = 475.71 + 634.28 + 1850 = Rs. 2959.99.
Rounding off to the nearest rupee, the total profit is approximately Rs. 2960.
Therefore, the correct answer is not listed in the given options.
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