Knowee
Questions
Features
Study Tools

Kirk, Spock, McCoy subscribe Rs. 50,000 for a business. Kirk subscribes Rs. 4000 more than Spock and Spock Rs. 5000 more than McCoy. Out of a total profit of Rs. 35,000, Kirk receives?

Question

Kirk, Spock, McCoy subscribe Rs. 50,000 for a business. Kirk subscribes Rs. 4000 more than Spock and Spock Rs. 5000 more than McCoy. Out of a total profit of Rs. 35,000, Kirk receives?

🧐 Not the exact question you are looking for?Go ask a question

Solution

Step 1: Determine the amount each person has subscribed.

Let's assume the amount McCoy subscribed is X.

According to the problem, Spock subscribed Rs. 5000 more than McCoy. So, Spock's subscription is X + Rs. 5000.

Similarly, Kirk subscribed Rs. 4000 more than Spock. So, Kirk's subscription is (X + Rs. 5000) + Rs. 4000 = X + Rs. 9000.

The total amount they all subscribed is Rs. 50,000. So, we can set up the following equation:

X (McCoy) + X + Rs. 5000 (Spock) + X + Rs. 9000 (Kirk) = Rs. 50,000

Solving this equation gives:

3X + Rs. 14,000 = Rs. 50,000

3X = Rs. 50,000 - Rs. 14,000

3X = Rs. 36,000

X = Rs. 36,000 / 3

X = Rs. 12,000

So, McCoy subscribed Rs. 12,000, Spock subscribed Rs. 17,000 (Rs. 12,000 + Rs. 5,000), and Kirk subscribed Rs. 21,000 (Rs. 17,000 + Rs. 4,000).

Step 2: Determine Kirk's share of the profit.

The profit is divided in the ratio of their investments. So, Kirk's share of the profit is:

(Kirk's subscription / Total subscription) * Total profit

= (Rs. 21,000 / Rs. 50,000) * Rs. 35,000

= Rs. 14,700

So, Kirk receives Rs. 14,700 from the total profit.

This problem has been solved

Similar Questions

A, B, C subscribe Rs. 50,000 for a business. A subscribes Rs. 4000 more than B and B Rs. 5000 more than C. Out of a total profit of Rs. 35,000, A receives:a.RS 11900b.RS 13600c.RS 14700d.RS 8400

correct answerThree man A, B and C subscribes Rs.4700 for a business. A subscribes Rs.700 more than B and B Rs.500 more than C. How much will each A, B & C receive out of a profit of Rs.423?Options96,133,196186,233,96198,135,90

P, Q, R subscribe Rs.50,000 for a business. P subscribes Rs.4000 more than Q and Q Rs.5000 more than R. Out of a total profit of Rs. 25,000 and what will be P's share?OptionsNone of these1300010,50012500

A, B, C and D enter into partnership. A subscribes 1/3 of the capital B 1/4, C 1/5 and D the rest. How much share did A get in a profit of Rs.2460?Choices:- Rs.480 Rs.615 Rs.820 Rs.740

A profit of Rs. 30000 is to be distributed among A, B, C in the proportion 3 : 5 : 7. What will be the difference between B’s and C’s shares? Options :Rs. 2000Rs. 10000Rs. 4000Rs. 14000

1/3

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.