A and B entered into a partnership investing `16,000 and `12,000 respectively. After 3 months, A withdrew `5000 while B invested `5000 more. After 3 more months, C joins the business with a capital of `21,000. The share of B exceeds that of C, out of a total profit of `26,400 after one after by:
- 2400
- 3000
- 3600
- 4800
The Correct Option is C
Solution and Explanation
Top Questions on Profit and Loss
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A furniture trader deals in tables and chairs. He has Rs. 75,000 to invest and a space to store at most 60 items. A table costs him Rs. 1,500 and a chair costs him Rs. 1,000. The trader earns a profit of Rs. 400 and Rs. 250 on a table and chair, respectively. Assuming that he can sell all the items that he can buy, which of the following is/are true for the above problem:
(A) Let the trader buy \( x \) tables and \( y \) chairs. Let \( Z \) denote the total profit. Thus, the mathematical formulation of the given problem is:
\[ Z = 400x + 250y, \]
subject to constraints:
\[ x + y \leq 60, \quad 3x + 2y \leq 150, \quad x \geq 0, \quad y \geq 0. \]
(B) The corner points of the feasible region are (0, 0), (50, 0), (30, 30), and (0, 60).
(C) Maximum profit is Rs. 19,500 when trader purchases 60 chairs only.
(D) Maximum profit is Rs. 20,000 when trader purchases 50 tables only.
Choose the correct answer from the options given below:
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