Question

Kartik, Bhuvan and Sid entered into a partnership and invested Rs 13,000, Rs 16,000 and Rs 19,000 respectively. After 7 months, Kartik and Bhuvan added Rs 1,000 and Rs 5,000 respectively while Sid withdrew Rs 5,000. If at the end of year their annual profit is Rs 43,160, find the total profit share of Kartik and Sid

Answer 1

Ratio of investment of Karti : Bhuvan : Sid is,

$\Rightarrow 13000\times 7+14000\times 5:16000\times 7+21000\times 5:19000\times 7+14000\times 5$

$\Rightarrow 23:31:29$

Total profit earned is $43160$ Rs.

So required share is,

$\Rightarrow \frac{23+29}{23+31+29}\times 43160$

$\Rightarrow \frac{52}{83}\times 43160$

$\Rightarrow 27040$ Rs.