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Simple Interest & Compound Interest

Pankaj starte...

Question

Pankaj started a business investing Rs 42000. After 4 months Nitin joined him with a capital of Rs 57000. At the end of the year the total profit was Rs 26000. What is the difference between the share of profits of Pankaj and Nitin ?

Rs 1200

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Rs 1400

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Rs 1600

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Rs 1800

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None of these

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Solution

The correct option is E None of these
Ratio of their shares = $42 \times 12 : 57 \times 8$
$= 14 \times 12 : 19 \times 8 = 21 : 19$
Required difference in shares
$= \frac{26000}{21 + 19} \times (21 - 19) = R s 1300$

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Pankaj started a business investing Rs 42000. After 4 months Nitin joined him with a capital of Rs 57000. At the end of the year the total profit was Rs 26000. What is the difference between the share of profits of Pankaj and Nitin ?

The correct option is E None of theseRatio of their shares = 42×12:57×8 =14×12:19×8=21:19 Required difference in shares =2600021+19×(21−19)=Rs1300

The correct option is E None of these
Ratio of their shares = $42 \times 12 : 57 \times 8$
$= 14 \times 12 : 19 \times 8 = 21 : 19$
Required difference in shares
$= \frac{26000}{21 + 19} \times (21 - 19) = R s 1300$