Question
Download Solution PDFZoya 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.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
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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