More Questions from Partnership

Three partners invest Rs. 27,000, Rs. 81,000, and Rs. 72,000 respectively. If Ram’s profit share is Rs. 36,000 after one year, what is the total profit?

Aptitude Partnership Difficulty: Easy
Choose an option
  • A
    Rs. 108000
  • B
    Rs. 16000
  • C
    Rs. 80000
  • D
    None of these

Answer

Correct Answer: Rs. 80000

Explanation

Introduction / Context: When all partners invest for the same time, profits are divided in the ratio of their capitals. Given Ram’s share and his capital, we back-calculate the total profit.

Given Data / Assumptions:

  • Dilip = Rs. 27,000; Ram = Rs. 81,000; Amar = Rs. 72,000.
  • Time = 1 year for all.
  • Ram’s profit = Rs. 36,000.

Concept / Approach: Ram’s fraction of profit = Ram’s capital / total capital. Then total profit = Ram’s share / Ram’s fraction.

Step-by-Step Solution: Total capital = 27,000 + 81,000 + 72,000 = 180,000. Ram’s fraction = 81,000 / 180,000 = 9 / 20 = 0.45. Total profit = 36,000 / 0.45 = Rs. 80,000.

Verification / Alternative check: Check shares with total Rs. 80,000: Ram gets 0.45 * 80,000 = Rs. 36,000, matching the given. Others would get Rs. 12,000 and Rs. 32,000 respectively, summing to Rs. 80,000.

Why Other Options Are Wrong: Rs. 108,000 and Rs. 16,000 do not satisfy Ram’s 45% share equalling Rs. 36,000. “None of these” is incorrect because Rs. 80,000 is valid.

Common Pitfalls: Dividing by the wrong total or miscomputing the fractional share. Ensure the ratio uses the sum of all capitals for the same time period.

Final Answer: Rs. 80,000

Discussion & Comments
No comments yet. Be the first to comment!
Join Discussion