A, B, and C start a business by investing Rs. 2800 , Rs. 3600 and Rs. 4000 respectively. After x months C left the business. If at the end of a year total profit share of C is 5/17th of total profit. Find the value of x?
- AOption (a)
8
- BOption (b)
7
- COption (c)
6
- DOption (d)
4
- EOption (e)
10
View answer & explanationHide answer & explanation
Correct answer
8
Why this answer is correct
Shortcut Trick
Ratio of investments of A, B, and C is 2800 : 3600 : 4000 = 7 : 9 : 10.
Profit ratio = Investment × Time. Let C stay for x months.
Ratio of Profit (A : B : C) = (7 × 12) : (9 × 12) : (10 × x) = 84 : 108 : 10x.
Total Profit = 84 + 108 + 10x = 192 + 10x.
Given: C's share / Total share = 10x / (192 + 10x) = 5 / 17.
Solving: 170x = 5(192 + 10x) ⇒ 170x = 960 + 50x ⇒ 120x = 960 ⇒ x = 8.
∴ The correct answer is 8 months.
Alternate Method
Given → Investment of A = Rs. 2800, B = Rs. 3600, C = Rs.
4000. Time for A and B = 12 months. Time for C = x months.
Formulas: Profit Ratio = (I1 × T1) : (I2 × T2) : (I3 × T3) | Profit Share% = (Individual Profit / Total Profit) × 100
⇒ Profit A = 2800 × 12 = 33600
⇒ Profit B = 3600 × 12 = 43200
⇒ Profit C = 4000 × x = 4000x
⇒ Total Profit = 33600 + 43200 + 4000x = 76800 + 4000x
⇒ According to question: 4000x / (76800 + 4000x) = 5 / 17
⇒ 800x / (15360 + 800x) = 5 / 17 (Dividing numerator and denominator by 5)
⇒ 13600x = 5 × 15360 + 4000x
⇒ 9600x = 76800
⇒ x = 768 / 96 = 8.
∴ The correct answer is 8.
Additional Information
Partnership Basics
When time periods are different, the profit is distributed in the ratio of the product of capital and time (Investment × Time).
Ratio of Profit
If P is profit, I is investment, and T is time, then P1 : P2 = (I1 × T1) : (I2 × T2).