In a business, B invests half the amount invested by A. After 6 months from the start of the business, C joins the business with an amount equal to twice of B's investment. After 8 months from the start of the business B withdraws completely from the business. If at the end of the years, C's share in the profit was ₹ 2460, what was the total profit received that year?
Aptitude
Partnership
Difficulty: Medium
Choose an option
-
A₹ 11200
-
B₹ 9600
-
C₹ 9020
-
D₹ 12000
Answer
Correct Answer: ₹ 9020
Explanation
### Concept & Profit Sharing Ratio
When investment amounts are given relative to one another, establish a base variable (e.g., let B's investment be $x$) to express all investments. Calculate equivalent capital by multiplying these expressions by their respective time periods.
$$ \text{Profit Ratio} = (I_A \times T_A) : (I_B \times T_B) : (I_C \times T_C) $$
### Step-by-Step Solution
* **Given:**
* Let A's investment be $2x$. Then B invests half of A, so B's investment = $x$.
* C joins with twice of B's investment, so C's investment = $2x$.
* A remains for the full 12 months.
* C joins after 6 months, so C is invested for $12 - 6 = 6$ months.
* B withdraws after 8 months, so B is invested for 8 months.
* **Calculation:**
* Equivalent Capital of A = $2x \times 12 = 24x$
* Equivalent Capital of B = $x \times 8 = 8x$
* Equivalent Capital of C = $2x \times 6 = 12x$
* Profit Ratio A : B : C = $24x : 8x : 12x = 6 : 2 : 3$
* Total Ratio Parts = $6 + 2 + 3 = 11$ parts.
* C's share represents 3 parts out of 11.
* We are given C's share is ₹2460.
* $\frac{3}{11} \times \text{Total Profit} = 2460$
* $\text{Total Profit} = \frac{2460 \times 11}{3} = 820 \times 11 = 9020$
### Exam Strategy & Shortcut
Instead of algebraic variables ($x$), you can simply assume an arbitrary base number that is easy to halve and double. Let A = 2, then B = 1, and C = 2. Directly multiply by months: A(2×12=24), B(1×8=8), C(2×6=12). Ratio is 24:8:12 → 6:2:3.
### Common Pitfall
A common error is confusing the joining time with the duration of investment. If C joins *after* 6 months in a 1-year business, the duration is $12 - 6 = 6$ months, not 12.
### Final Answer
Therefore, the correct answer is **₹ 9020**.