X, Y and Z invested Rs. 4,000, Rs. 6,000 and Rs. 8,000 respectively in a business. They invested the money for 3, 2 and 4 years respectively, If the total profit is Rs. 56,000, then what is the share of Y in the profit?
Rs. 18,000
Rs. 12,000
Rs. 15,000
Rs. 9,000
Sol:
X, Y and Z invested Rs. 4,000, Rs. 6,000 and Rs. 8,000 respectively in a business.
They invested the money for 3, 2 and 4 years respectively.
Total profit = Rs. 56000 Formula used:
Profit = Investment × Time Period
Calculation:
Profit of X = 4000 × 3 = Rs. 12000
Profit of Y = 6000 × 2 = Rs. 12000
Profit of Z = 8000 × 4 = Rs. 32000
∴ Y’s share = [Y’s profit/(X + Y + Z)’s profit] × 56000
∴ Y’s share = [12000/56000] × 56000 = Rs. 12000
