Manish started a business investing Rs. 45,000. After 3 months, Vibhor joined him with a capital of Rs. 60,000. After another 6 months, Vivek joined them with a capital of Rs. 90,000. At the end of the year, they made a profit of Rs. 16,500. Find the share of Vivek?
- Clearly, Manish invested his capital for 12 months, Vibhor for 9 months and Vivek for 3 months.
So, ratio of their capitals = (45000 x 12) : (60000 x 9) : (90000 x 3)
= 540000 : 540000 : 270000 = 2:2:1.
∴ Manish’s share = Rs. [16500 x 2/5] = Rs. 6600;
Vibhors share = Rs. [16500 x 2/5] = Rs. 6600;
Vivek’s share = Rs. [16500 x 1/5] = Rs. 3300.
To find the share of Vivek in the profit, we need to calculate the ratio of the investment of each person and the time period for which they invested in the business. The ratio of profit sharing for Manish, Vibhor, and Vivek is calculated as follows:
Manish's investment = Rs. 45,000 (He invested for the entire year)
Vibhor's investment = Rs. 60,000 (He invested for 9 months)
Vivek's investment = Rs. 90,000 (He invested for 6 months)
To find the ratio of profit sharing, we can multiply the investment by the time period for each person:
Manish's ratio = 45,000 × 12 = 5,40,000
Vibhor's ratio = 60,000 × 9 = 5,40,000
Vivek's ratio = 90,000 × 6 = 5,40,000
The total ratio of profit sharing is:
Manish + Vibhor + Vivek = 5,40,000 + 5,40,000 + 5,40,000 = 16,20,000
The share of Vivek can be calculated by dividing his ratio by the total ratio and then multiplying the result by the total profit:
Vivek's share = (Vivek's ratio / Total ratio) × Total profit
Vivek's share = (5,40,000 / 16,20,000) × 16,500
Vivek's share = 5,500
Therefore, the share of Vivek in the profit is Rs. 3300 (Option A).
To summarize, the steps to find the share of Vivek in the profit are:
- Calculate the investment and time period for each person.
- Find the ratio of profit sharing for each person by multiplying their investment and time period.
- Calculate the total ratio of profit sharing by adding the ratios of all persons.
- Find the share of Vivek by dividing his ratio by the total ratio and multiplying the result by the total profit.
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