Multiple choice

Raman started a business by investing Rs. 25,000. After 1 year, Nilesh joined him with a capital of Rs. 40,000. After 6 years, they earned a profit of Rs. 49,000. What was the share of Nilesh in the profit?

  1. Rs. 24,000

  2. Rs. 28,000

  3. Rs. 21,000

  4. Rs. 35,000

  5. Rs. 42,000
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Raman invested 25k for 6 years. Nilesh invested 40k for 5 years (6-1). Ratio = (25*6) : (40*5) = 150 : 200 = 3 : 4. Nilesh's share = (4/7) * 49000 = 28000.

AI explanation

Using the partnership rule for unequal time periods, the profit sharing ratio is the product of investment and time. Raman invested 25,000 for 6 years, so his share is 150000, while Nilesh invested 40,000 for 5 years, making his share 200000. The ratio of their profits is 150000 : 200000, or 3 : 4. Nilesh's share of the total profit of 49,000 is calculated as 4/7 of 49,000, which equals 28,000.

Keep practicing — related questions