Amar, Akbar and Anthony jointly thought of engaging themselves in a business venture. It was agreed

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26 Feb 2020 Partnership

Amar, Akbar and Anthony jointly thought of engaging themselves in a business venture. It was agreed that Amar would invest Rs. 6500 for 6 months, Akbar, Rs. 8400 for 5 months and Anthony, Rs. 10,000 for 3 months. Amar wants to be the working member for which, he was to receive 5% of the profits. The profit earned was Rs. 7400. Calculate the share of Akbar in the profit.

OPtion

1) 2280
2) 2820
3) 2630
4) 2840
5) 2660
6) 2800
7) 2880
8) 2440
9) 2580
10) None of these

Solution

For managing, Amar received = 5% of Rs. 7400 = Rs. 370.

Balance = Rs. (7400 - 370) = Rs. 7030.

Ratio of their investments = (6500 x 6) : (8400 x 5) : (10000 x 3)

= 39000 : 42000 : 30000

= 13 : 14 : 10

Akbar's share = Rs. 7030 x (14/37) = Rs. 2660.

Correct Option: 5 Best Solution (3)

Mayank Kandoi   4 years AGO

Profit to be divided in the ratio = 6500*6 : 8400*5 : 10000*3
= 13 : 14 : 10
Profit left after paying 5% to Amar = 7030
Profit of Akbar = (7030*14)/37 = 2660

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MANISHA JADHAV   4 years AGO

Amar's share =6500 for 6month
Akbar's share =8400 for 5month
anthony;s share= 10000 for 3months
now there ratio in profit =
6500*6:8400*5:10000*3
78:84:60
now we alerady gives 5% to Amar =370
hence remaining profitthat is 7030 distrubuted between
these three
78x+84x+60x=7030
x=7030/222
now akaber get profit 84x=84*7030/222=2660

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RAMADURAI NATESAN   4 years AGO

The ratio of investments is 13 : 14 ; 10.
Distributable profit is 7030.
Akbars share is 7030 ( 14/37 ) =2660

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