A and B started a business in partnership investing Rs. 20,000 and Rs. 15,000…
2023
A and B started a business in partnership investing Rs. 20,000 and Rs. 15,000 respectively. After six months, C joined them with Rs. 20,000. What will be B's share in total profit of Rs. 25,000 earned at the end of 2 years from the starting of the business?
- A.
Rs. 7500
- B.
Rs. 7000
- C.
Rs. 7300
- D.
Rs. 8000
Attempted by 2 students.
Show answer & explanation
Correct answer: A
Key idea: Profit is divided in the ratio of (capital × time) invested.
A: 20,000 × 24 months = 480,000
B: 15,000 × 24 months = 360,000
C: 20,000 × 18 months = 360,000
So ratio A : B : C = 480000 : 360000 : 360000 = 4 : 3 : 3.
B's share = (3 / (4 + 3 + 3)) × 25,000 = (3/10) × 25,000 = Rs. 7,500.