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Question
Suresh and Ramesh together invested 144000 rupees in the ratio 4:5 and bought a plot of land. After some years they sold it at a profit of 20%. What is the profit each of them got?
Solution
The proportion of Suresh's and Ramesh’s investment is 4:5.
The profit is shared in the same proportion as the investment, hence, the proportion of profit is 4:5.
Now, profit = `20/100 xx 144000`
= 28800 rupees
Therefore, the profit of Suresh and Ramesh is given by
Suresh's profit = `4/9 xx 28800`
= 12800 rupees
Ramesh's profit = `5/9 xx 28800`
= 16000 rupees
Hence, Suresh and Ramesh got a profit of 12800 and 16000 rupees respectively.
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