Multiple choice

Mr. Suresh opened a workshop investing Rs. 40000. He invested additional amount of Rs. 12000 at the end of every year. After 2 years his brother Ramesh joined him with an amount of Rs. 85000. Thereafter Ramesh did not invested any additional amount. Find the difference between their shares in profit, if the sum of their profit at the end of 4 years is Rs. 603000.

  1. 91000 Rs.

  2. 93000 Rs.

  3. 95000 Rs.

  4. 80000 Rs.

  5. 83000 Rs.
Reveal answer Fill a bubble to check yourself
B Correct answer
AI explanation

Suresh's total capital for 4 years is calculated by summing the yearly products: (40000 x 1) + (52000 x 1) + (64000 x 2) = 220000, which effectively acts for 4 years, giving him an investment share of Rs. 880000. Ramesh joined after 2 years with Rs. 85000 for the remaining 2 years, making his investment share Rs. 170000. The ratio of their profits is 880000:170000, or 88:17, meaning the total of 105 parts equals Rs. 603000, so Suresh gets 603000 x (88/105) = Rs. 504800 and Ramesh gets Rs. 98200. The difference between their shares is 504800 minus 98200, which equals Rs. 93000.

Keep practicing — related questions