Question

Jaya, Seema, Nikhil and Neelesh put in altogether $360000$ rupees to form a partnership, with their investments being in the proportion $3:4:7:6$. What was Jaya’s actual share in the capital ? They made a profit of $12\%$. How much profit did Nikhil make ?

Answer 1

Total investment $=360000$ rupees
Let Jaya's contribution be $3x$
Seema's be $4x$
Nikhil's be $7x$ and
Neelesh share be $6x$
Thus, $3x+4x+7x+6x=360000$
$\Rightarrow 20x=360000$
$\Rightarrow x=\frac{360000}{20}$
$\therefore x=18,000$
So, Jaya's contribution $=3x=(3\times 18,000)$
$=Rs.54,000$.
And also profit $P=12\%$
$\Rightarrow P=\frac{12}{100}\times 360000$
$=12\times 3600$
$\therefore P=Rs.43200$
Let their profit be $3y,4y,7y,6y$
Thus, $3y+4y+7y+6y=43200$
$\Rightarrow 20y=43200$
$\Rightarrow y=\frac{43200}{20}$
$\therefore y=2160$
So, Nikhil's profit $=7y$
$=7\times \left(2160\right)$
$=Rs.15120$
Therefore, Jaya's contribution $=Rs.54,000$ and
Nikhil's profit amount $=Rs.15120$