Question

Nasruddin and Mahesh invested $Rs.40,000$ and $Rs.60,000$ respectively to start a business. They made a profit of $30\%$. How much profit did each of them make?

Answer 1

Hint: To obtain the profit earned by both the men we will use a profit formula. Firstly we will get the profit earned by Nasruddin by multiplying the profit he made by the amount he invested and get our answer similarly we will get the profit earned by Mahesh and get our desired answer.

Complete step-by-step solution:
It is given to us that:
Nasruddin invested $=Rs.40,000$
Mahesh invested $=Rs.60,000$
Profit earned by them $=30\%$
Firstly we will find the profit earned by Nasruddin as follows:
Profit earned by Nasruddin $=30\%$ of $Rs40,000$
Profit earned by Nasruddin $=\dfrac{30}{100}\times Rs40,000$
Profit earned by Nasruddin $=30\times Rs400$
Profit earned by Nasruddin $=Rs.12,000$
Next we will find the profit earned by Mahesh as follows:
Profit earned by Nasruddin $=30\%$ of $Rs60,000$
Profit earned by Mahesh $=\dfrac{30}{100}\times Rs60,000$
Profit earned by Mahesh $=30\times Rs600$
Profit earned by Mahesh $=Rs.18,000$
Hence Nasruddin and Mahesh made a profit of $Rs.12,000$ and $Rs.18,000$ respectively.

Note: In mathematics profit means gain in amount from any investment. Whenever a shopkeeper sells an item his main objective is to gain some profit from it. If he sells the product more than its cost price he gets a profit and when he sells a product less than the cost price he suffers a loss. Profit is calculated on Cost price and Selling price of a product where in order to have a profit the Selling Price should be more than the Cost price. Once we get the profit value we divide it by the Cost Price value and multiply the result by 100 to get the Profit Percentage. There are many types of profit in business such as Gross Profit, operating Profit and Net Profit.