Ramesh started a business by investing Rs25000. 3 months later Mahesh joined the business by investing Rs25000. At the end of the year Ramesh got Rs1000 more than Mahesh out of the profit Find the total profit in Rs
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Solution
Ramesh invested for 12 month Mahesh invested for 9 month ∴ Profit sharing ratio = 12x:9x=12:9=4:3 Let Capital be Rs.P Profit of Ramesh = 47P Profit of Mahesh = 37P According to the question ⇒47P=37P+1000 ⇒47P−37P=1000 ⇒P7=1000⇒P=Rs.7000