Question 9

U and V started a business by investing amounts Rs 184000 and Rs 224000 respectively. If U’s share in the profit received at the end of year is Rs 20700, then what will be the total profit (in Rs) earned by them together?

Solution

Amount invested by U = Rs. 184,000

Amount invested by V = Rs. 224,000

Ratio of profits of U:V = $$184000:224000$$

= $$23:28$$

Let profit earned by U and V be Rs. $$23x$$ and $$28x$$ respectively.

Acc to ques, => $$23x=20700$$

=> $$x=\frac{20700}{23}=900$$

$$\therefore$$ Total profit = $$23x+28x=51\times900=Rs.$$ $$45,900$$

=> Ans - (B)

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