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Suresh, Ramesh and Garish invested ₹ 7000, ₹ 5000 and ₹ 3000 respectively in a business. Suresh left after six months and Ramesh left after eight months. If after one year the total loss is ₹ 11800, then what will be the share of Suresh?1. ₹ 50002. ₹ 60003. ₹ 55004. ₹ 45005. ₹ 4200 |
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Answer» Correct Answer - Option 5 : ₹ 4200 Given: Investment of Suresh = ₹ 7000 Investment of Ramesh = ₹ 5000 Investment of Garish = ₹ 3000 Total loss at the end of 1 year = ₹ 11800 Concept used: Loss = Investment × time Calculation: Suresh invested for 6 months Ramesh invested for 8 months Garish invested for 12 months Loss ratio = (7000 × 6) : (5000 × 8) : (3000 × 12) ⇒ Loss ratio = 21 : 20 : 18 Total loss in terms of ratio = 21 + 20 + 18 = 59 ⇒ Loss share of Suresh = (11800/59) × 21 = 4200 ∴ The loss share of Suresh is ₹ 4200. |
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