Ashok starts a business with Rs. 10000, his son Rohit joins him after 2 months with 20% more investment than Ashok, after 2 months joins him with 40% less than Dhairya. If the profit earned by them at the end of the year is equal to the twice of the difference between investment of Ashok and ten times the investment of Dhairya. Find the profit of Ashok ?
Rs.42,500
Incorrect AnswerRs.25,000
Incorrect AnswerRs.40,000
Incorrect AnswerExplanation:
The ratio of investments of Ashok, Rohit and Dhairya.= (10000*12): (12000*10) : (7200*8) = 25 : 25: 12
Profit = 2*(72000 – 10000) = 124000
Share of Ashok = 124000*(25/62) = 48000
Profit of Ashok = 48000 – 10000 = Rs.38000
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By: Pranav Gupta