Anandi and Rutuja invested Rs. 10,000 each in a business. Anandi withdrew her capital after 7 months. Rutuja continued for the year. After one year, the profit earned by them was - Mathematics and Statistics

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Sum

Anandi and Rutuja invested Rs. 10,000 each in a business. Anandi withdrew her capital after 7 months. Rutuja continued for the year. After one year, the profit earned by them was Rs. 5,700. Find the profit earned by each person.

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Solution

Anandi invested Rs. 10,000 for 7 months Rutuja invested Rs. 10,000 for 12 months. So ratio of period of investment is 7: 12.
Now 7 + 12 = 19

∴ Profit earned by Anandi = `7/19 xx 5700` = 2,100

∴ Profit earned by Rutuja = `12/19 xx 5700` = 3,600

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2015-2016 (March)

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