Investment and Profit Calculation
The initial investments are:
- Pankaj: ₹62,000
- Meera: ₹70,000
- Ashok: ₹83,000
The total profit earned is ₹75,500.
Charity Deduction
A portion of the profit, 14%, is given to charity.
Charity Amount = 14% of ₹75,500
\( \text{Charity Amount} = 0.14 \times 75500 = ₹10,570 \)
The remaining profit is distributed among the partners.
Remaining Profit = Total Profit - Charity Amount
\( \text{Remaining Profit} = 75500 - 10570 = ₹64,930 \)
Profit Sharing Ratio
The remaining profit is divided in the ratio of their investments.
Investment Ratio = Pankaj : Meera : Ashok = 62000 : 70000 : 83000
Simplified Ratio = 62 : 70 : 83
Sum of the ratio parts = 62 + 70 + 83 = 215
Ashok's Profit Share Calculation
Ashok's share is determined by his portion of the total ratio.
Ashok's Ratio Part = 83
Ashok's Share = (Ashok's Ratio Part / Sum of Ratio Parts) * Remaining Profit
\( \text{Ashok's Share} = \frac{83}{215} \times 64930 \)
First, calculate the value of one ratio part:
\( \frac{64930}{215} = 302 \)
Now, calculate Ashok's share:
\( \text{Ashok's Share} = 83 \times 302 = ₹25,066 \)
Therefore, Ashok's share of the profit is ₹25,066.
Similar Questions
- A and B start a business by investing ₹40,000 and ₹60,000, respectively. At the end of the year, they earn a profit of ₹20,000. How much profit will A receive?
- Two partners M and N buy a car. M pays his share of $\frac{3}{7}$th of the total cost of the car. M pays ₹ 31,540 less than N. What is the cost of the car?
Important Questions from Partnership
A, B and C invest in a business in the ratio 4 ∶ 5 ∶ 7. C is a sleeping partner, so his share of profits will be half of what it would have been if he were a working partner. If they make Rs 36,000 profit of which 25% is reinvested in the business, how much does B get (in Rs)?
Sumit, Ravi and Puneet invest Rs. 45000, Rs. 81000 and Rs. 90000 respectively to start a business. At the end of the year the total profit is Rs. 4800. 30% of the total profit gives in charity and rest is divided among them. What will be the share of Sumit?
A sum of ₹ 159250 is divided among A, B, C, and D such that the ratio of the shares of A and B is 1 : 3, that of B and C is 2 : 5, and that of C and D is 2 : 3. The share (in ₹) of A is:
A and B start a business by investing Rs. 1,00,000 and Rs. 1,50,000 respectively. Find the respective share of each out of a total profit of Rs. 24, 000.
Two partners A and B have started business with the capitals of Rs. 6,000 and Rs. 8,000 respectively. If they made profit of Rs. 5,600 then the share (in Rs.) of A is:
