Math Problem Statement

  1. A, B, and C invest 63000, 56000, and 84000 respectively to start a business. After one year, the profit is distributed in the ratio of their investments. If C's share of profit is Rs.54000, find the total profit earned.

Solution

To find the total profit earned, we start by determining the ratio of investments made by A, B, and C.

The investments are:

  • A's investment = 63,000
  • B's investment = 56,000
  • C's investment = 84,000

The ratio of their investments is:

Ratio=63,000:56,000:84,000\text{Ratio} = 63,000 : 56,000 : 84,000

We simplify this ratio by dividing each term by their greatest common divisor (GCD). The GCD of 63,000, 56,000, and 84,000 is 7,000.

Ratio=63,0007,000:56,0007,000:84,0007,000\text{Ratio} = \frac{63,000}{7,000} : \frac{56,000}{7,000} : \frac{84,000}{7,000} Ratio=9:8:12\text{Ratio} = 9 : 8 : 12

So, the profit distribution ratio is 9:8:129 : 8 : 12.

Let's denote the total profit by PP. Then, C's share of the profit is given by:

Cs share=129+8+12×P=1229×PC's\ share = \frac{12}{9+8+12} \times P = \frac{12}{29} \times P

We know that C's share is Rs. 54,000, so:

1229×P=54,000\frac{12}{29} \times P = 54,000

To find the total profit PP, we solve for PP:

P=54,000×2912P = \frac{54,000 \times 29}{12}

Calculating this:

P=1,566,00012=130,500P = \frac{1,566,000}{12} = 130,500

So, the total profit earned is Rs. 1,30,500.

Would you like more details or have any questions?

Here are five related questions for further practice:

  1. If the profit ratio was instead 10:7:13, what would be C's share if the total profit was Rs. 200,000?
  2. What would be A's share if the total profit was Rs. 100,000 with the given investment ratio?
  3. If B's share of the profit was Rs. 48,000, what would be the total profit?
  4. How would the total profit change if C's investment increased by 10% while A and B's investments remained the same?
  5. If A withdrew Rs. 10,000 from his investment, how would the profit distribution change?

Tip: When dealing with ratios, always simplify the numbers to their smallest form to make calculations easier.

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Math Problem Analysis

Mathematical Concepts

Ratio and Proportion
Profit Distribution

Formulas

Profit Share Formula: (Individual's Investment / Total Investment) * Total Profit

Theorems

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Suitable Grade Level

Grades 6-8