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Study the following table carefully and answer the questions that follow: Three persons A, B, C invested different amounts in different years for different time period and shared profit from total profit given as per table. Some values are missing. Answer the questions on the basis of given table and information in question.
Find the profit of C in 2014, if the profits of A and B in the same year is Rs 10,500 and Rs 13,500.
Rs 25,000
Rs 20,000
Rs 18,000
Rs 15,000
Let total profit in 2014 = Rs A Ratio of profit share of A : B : C is 21*X : 24*9 : 20*(X+4) Now 21X/[ 21*X + 24*9 + 20*(X+4)] * A = 10500………..(1) Also 24*9/[ 21*X + 24*9 + 20*(X+4)] * A = 13500………….(2) Divide both equations: 21X/24*9 = 105/135 Solve, X = 8 Put X = 8 in one of the equations above. A = 39,000 Also Put X = 8 in 21*X : 24*9 : 20*(X+4) So ratio becomes 7 : 9 : 10 So profit of C = 10/26 * 39,000 = Rs 15,000
By: Amit Kumar ProfileResourcesReport error
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