Preeti, Qadir and Reena invest sum in the ratio 2 : 8 : 13, respectively. If they earned total profit of ₹87,193 at the end of year, then what is the positive difference between share of Preeti and Reena?
- AOption (a)
₹41,701
- BOption (b)
₹41,702
- COption (c)
₹41,704
- DOption (d)
₹41,703
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Correct answer
₹41,701
Why this answer is correct
Shortcut Trick
Ratio of investment of Preeti, Qadir and Reena = 2 : 8 : 13.
Total ratio units = 2 + 8 + 13 = 23 units.
Difference between Preeti and Reena = 13 − 2 = 11 units.
Value of 11 units = (Total Profit ÷ 23) × 11 = (87,193 ÷ 23) × 11.
Value = 3,791 × 11 = 41,701.
∴ The correct answer is ₹41,701.
Alternate Method
Given → Investment Ratio = 2 : 8 : 13 | Total Profit = ₹87,193.
Formulas: Profit Share ∝ Investment × Time | Profit% = (Profit ÷ CP) × 100
⇒ Since time is the same for all, Profit Ratio = Investment Ratio = 2 : 8 : 13.
⇒ Let the shares be 2x, 8x, and 13x respectively.
⇒ Total Profit = 2x + 8x + 13x = 23x = 87,193.
⇒ x = 87,193 ÷ 23 = 3,791.
⇒ Difference between Preeti and Reena = 13x − 2x = 11x.
⇒ Difference = 11 × 3,791 = 41,701.
∴ The correct answer is ₹41,701.
Additional Information
Partnership Basics
When the time period of investment is the same for all partners, the profit is distributed in the ratio of their investments.
Compound Partnership
If time periods are different, Profit Ratio = (Capital1 × Time1) : (Capital2 × Time2).