Hutch and Essar entered into a partnership just 5 months ago.

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Ques - Hutch and Essar entered into a partnership just 5 months ago. The ratio of profit claimed by Hutch and Essar is 6:17. If Essar had just started his business 12 months ago with Rs. 1275, what is the amount contributed by Hutch?

(a) Rs. 980

(b) Rs. 1080

(c) Rs. 1200

(d) Rs. 998

Solution - Hutch time period in business = 5 months

Essar time period in business = 12 months

Profit ratio of Hutch and Essar = 6:7

Amount of Essar invested = 1275

Amount of Hutch invested = K

Profit = Time period × Amount of invested

[(Profit of Hutch = Time period of Hutch × Amount of invested of Hutch) / (Profit of Essar = Time period of Essar × Amount of invested of Essar)]

[(6 = 5 × K ) / (7 = 12 × 1275)]

[K = (6 × 12 × 1275) / 17 × 5 ]

K = ( 72 × 255) / 17

K = (72 × 15)

K = 1080

Hence,

The Correct Answer is option (b) 1080.