Question

Jaya, Seema, Nikhil and Neelesh put in altogether Rs 360000 to form a partnership, with their investments being in the proportion 3 : 4 : 7 : 6. What was Jaya’s actual share in the capital? They made a profit of 12%. How much profit did Nikhil make?

Answer 1

Total investment = Rs 360000

Profit earned = 12%

∴ Total profit = 12% of 360000

= 12/100 × 360000 = Rs 43200

Proportion of investment = 3 : 4 : 7 : 6 

Let the investment of Jaya, Seema, Nikhil and Neelesh be Rs 3x, Rs 4x, Rs 7x and Rs 6x respectively.

∴ Jaya’s investment = 3x = 3 x 18000 = Rs 54000 Also, profit made by them is Rs 43200

∴ Nikhil’s profit = 7x = 7 x 2160 = Rs 15120 

∴ Jaya’s share in the capital was Rs 54000 and the profit made by Nikhil was Rs 15120.