In 2016, Mahesh invested ₹10,000 in the stock market in the ratio 2:3:5 in three companies: Honda, Reliance, and HP. He earned 10% profit on Honda, 25% on Reliance, and 33% on HP. The next year, 2017, instead of investing in three companies, he invested in four companies, and the fourth co

Question

In 2016, Mahesh invested ₹10,000 in the stock market in the ratio 2:3:5 in three companies: Honda, Reliance, and HP. He earned 10% profit on Honda, 25% on Reliance, and 33% on HP. The next year, 2017, instead of investing in three companies, he invested in four companies, and the fourth company was Nokia, in which he invested three times the amount he invested in Reliance in 2016. In 2017, he earned 50% more profit than he earned in 2016 in total, and on Nokia he earned 20% profit. In 2018, he earned 25% more profit than in 2016 on Reliance, 30% more profit than in 2016 on HP, 10% more profit than in 2016 on Honda, and the profit on Nokia was the same as in 2017. Find the total profit earned by Mahesh on Honda, Reliance, and HP in 2017.

Accepted Answer

2100. In 2016, investments are ₹2000, ₹3000, and ₹5000. So profits are ₹200, ₹750, and ₹1650, giving total profit ₹2600. In 2017, total profit is 50% more, i.e. ₹3900; Nokia profit is 20% of ₹9000 = ₹1800, so the remaining profit on Honda, Reliance, and HP is ₹2100.

Solution

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