M and N start a business. M invests ₹79,000 more than N for 7 months and N invests for 6 months. M’s share is ₹745 more than that of N, out of a total profit of ₹6,705. Find the capital contributed by M.
M and N start a business. M invests ₹79,000 more than N for 7 months and N invests for 6 months. M’s share is ₹745 more than that of N, out of a total profit of ₹6,705. Find the capital contributed by M.
M और N एक व्यवसाय शुरू करते हैं। M, 7 महीने के लिए, N के निवेश से ₹79,000 अधिक निवेश करता है N, 6 महीने के लिए निवेश करता है। कुल लाभ ₹6,705 में से M का हिस्सा, N के हिस्से से ₹745 अधिक है। M द्वारा निवेशित पूँजी ज्ञात कीजिए।
Detailed Solution & Logic
₹11,85,000
Let N’s capital be ₹$x$.
Then M’s capital = ₹$(x + 79{,}000)$
Time periods:
M → 7 months, N → 6 months
Profit ratio:
$(x + 79{,}000)\times 7 : x \times 6$
Given total profit = ₹6705 and M gets ₹745 more than N.
Let N’s share = ₹$y$, then M’s share = ₹$(y + 745)$
$y + (y + 745) = 6705$
$2y + 745 = 6705$
$2y = 5960 \Rightarrow y = 2980$
So,
N’s share = ₹2980
M’s share = ₹3725
Thus ratio:
$3725 : 2980 = 5 : 4$
Now,
$\frac{(x + 79{,}000)\times 7}{x \times 6} = \frac{5}{4}$
$\frac{7(x + 79{,}000)}{6x} = \frac{5}{4}$
Cross multiply:
$28(x + 79{,}000) = 30x$
$28x + 22{,}12{,}000 = 30x$
$22{,}12{,}000 = 2x \Rightarrow x = 11{,}06{,}000$
So, M’s capital:
$x + 79{,}000 = 11{,}85{,}000$
Final Answer: ₹11,85,000
Similar Practice Questions
P starts a business with Rs. 8,000. Q joins after 5 months with Rs. 12,000. If the profit at the end of the year is Rs. 6,800, what is Q’s share (approx.)?
P starts a business with Rs. 8,000. Q joins after 5 months with Rs. 12,000....
A trader marks his goods 30% more than the cost price and gives his customers a discount of 20% on their bills. What percentage of profit does he make?
A trader marks his goods 30% more than the cost price and gives his customers...
The marked price is 20% more than the cost price. A discount of 20% is given on the marked price. What is the result of such a sale?
The marked price is 20% more than the cost price. A discount of 20% is...
A person sells 2 items for ₹ 780
A person sells 2 items for ₹ 780 and earns a profit equal to the...
A retailer buys 12 pairs of shoes for ₹22,400.
A retailer buys 12 pairs of shoes for ₹22,400. His overhead expenses are ₹1,600. If...
What is the selling price if the cost price is ₹400 and the profit is 25%?
What is the selling price if the cost price is ₹400 and the profit is...
A trader marks his goods at 20%
A trader marks his goods at 20% higher than the cost price. Further, he uses...