Sushma and Harika started a business with investments of Rs. 4500 and Rs. 5500 respectively. After 6 months Sai joined them with an investment of Rs. 7000. Find the total share of Sushma and Harika in the annual profit of Rs. 27000.
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Solution
We know,
profit=investment×time
Totalprofit=Rs.27,000
The ratio of investments is equal to the ratio of points.
Sushma:Harika:Sai=4500×12:5500×12:7000×6
=45×2:55×2:70
=90:110:70
=9:11:7
We know that Profit=Rs.27,000
Let 9k+11k+7k=27,000
⇒27k=27,000
⇒k=1,000
Total share of Sushma and Harika in the annual profit is