Rajeev and Sanjeev entered into a partnership and invested Rs 36000 and Rs 40000 respectively. After 8 months Rajeev invested an additional capital of Rs 4000. Sanjeev withdrew Rs 4000 after 9 months. At the end of the year total profit was Rs 45800. Find the difference in profits of each.

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Detailed Solution

Concept- Here, we must determine the disparity between Rajeev and Sanjeev's earnings. In order to do that, we will first determine Rajeev's capital for a year and then Sanjeev's capital for a year. The profit ratio will then be determined using the computed capitals. From there, we will figure out how much money each of them made, and from there, we will figure out how much money each one made differently.
Rajeev's capital

Rs. 448000
Sanjeev's capital

Rs. 468000
Profit sharing ratio

Rajeev's profit

Rs. 22400
Sanjeev's profit

Rs. 23400
So, difference of their profits is equal to