Zoya invested certain amount and after 8 months her friend also joined her with double the Zoya’s investment. If the profit of Zoya’s friend is Rs. 5,584 then find the profit difference between Zoya and her friend.

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  1. Rs. 2,792
  2. Rs. 2,500
  3. Rs. 1,200
  4. Rs. 2,000
  5. Rs. 5,550

Answer (Detailed Solution Below)

Option 1 : Rs. 2,792
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Detailed Solution

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Given:

Zoya's friend's profit = Rs. 5,584

Calculation:

Investment ratio of Zoya and her friend = 3:2 (based on amount and time).

Friend’s profit = (2 / 5) × Total profit = 5,584

Total profit = 5,584 × (5 / 2) = 13,960

Zoya's profit = (3 / 5) × 13,960 = 8,376

Profit difference = Zoya's profit - Friend's profit = 8,376 - 5,584 = 2,792

∴ The profit difference between Zoya and her friend is Rs. 2,792.

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