Math Problem Statement
a and b start a joint venture with investments of rs 10000 and rs 15000 respectively. after 2 months a leaves the venture and c joins in with rs 12000 a month later a joins again with 10% more than his initial investment.b receives a monthly salary of rs 2000 for managing the venture.the profit remaining after b's salary is paid is divided among the three in the ratio of their investments and b gets rs 60000 in all at the end of the year.how much did a receive at the end of the year?(a) rs 83800 (b) rs 24000 (c) rs 47600 (d) none of these
Solution
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Math Problem Analysis
Mathematical Concepts
Investment Distribution
Ratio and Proportion
Profit Sharing
Formulas
Investment = Amount * Time
Profit Share = (Individual's Investment / Total Investment) * Total Profit
Theorems
Ratio and Proportion Theorem
Suitable Grade Level
Grades 10-12
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