Question

Shweta, Piyush and Nachiket together invested $80000$ rupees and started a business of selling sheets and towels from Solapur. Shweta's share of the capital was $30000$ rupees and Piyush's $12000$.At the end of the year they had made a profit of $24$%. What was the amount invested by Nachiket?

Answer 1

Given, Total cost price $=Rs.80000$

Let $Rs.x$ is invested by Nachiket

$Rs.30000$ is invested by Shweta

$Rs.12000$ is invested by Piyush

Total investment $=18000=x+30000+12000$

$=x+42000$

$x=80000-42000$

$x=38000$

$\therefore$ Money invested by Nachiket is $Rs.38000$.