Westonci.ca makes finding answers easy, with a community of experts ready to provide you with the information you seek. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

X,Y and Z from a business with capitals Rs 5000,Rs.4500 and Rs.6500 respectively,after 6 month,X doubles has capital and after next 3 months Y trebles his capital .If the profit at the end of the year amount to RS.8300,find the profit obtained by each X,Y and Z.​

Sagot :

Answer:

Profit obtained by X =  Rs. 2,976.64

Profit obtained by Y = Rs. 2,545.58

Profit obtained by Z = Rs. 2,777.78

Step-by-step explanation:

Total capital for the first 6 months = Rs 5000 + Rs.4500 + Rs.6500 = Rs. 16,000

Total capital for the next 3 months = Rs. 16,000+ Rs 5000 = Rs. 21,000

Total capital for the last 3 months of the year = Rs. 21,000 + (Rs 4500 * 2) = Rs. 30,000

Share of profit of each partner is the sum of all the ratios of his capital to total capital of the business at each point in time multiply by the ratio of the numbers of months covered by each capital to 12 months and then multiply by RS.8300.

Profit obtained by X = ((Rs 5000 / 16,000) * (6 / 12) * Rs. 8300) +  ((Rs 10,000 / 21,000) * (3 / 12) * Rs. 8300) + ((Rs 10,000 / 30,000) * (3 / 12) * Rs. 8300) =  Rs. 2,976.64

Profit obtained by Y = ((Rs 4500 / 16,000) * (6 / 12) * Rs. 8300) +  ((Rs 4500 / 21,000) * (3 / 12) * Rs. 8300) + ((Rs 13,500 / 30,000) * (3 / 12) * Rs. 8300) = Rs. 2,545.58

Profit obtained by Z = ((Rs 6500 / 16,000) * (6 / 12) * Rs. 8300) +  ((Rs 6500 / 21,000) * (3 / 12) * Rs. 8300) + ((Rs 6,500 / 30,000) * (3 / 12) * Rs. 8300) = Rs. 2,777.78

Confirmation of total profit shared = Rs. 2,976.64 + = Rs. 2,545.58 + Rs. 2,777.78 = Rs. 8,300