Ramu and Somu started a business initially with ₹1,300 and ₹2,200,…
2025
Ramu and Somu started a business initially with ₹1,300 and ₹2,200, respectively. If the total profit at the end of year is ₹7,350, then what is the Ramu's share in the profit?
- A.
₹2,710
- B.
₹2,720
- C.
₹2,700
- D.
₹2,730
Show answer & explanation
Correct answer: D
Step-by-Step Solution
In a partnership business, profit is distributed between partners in proportion to their respective investments and the time period for which they invested. Since both invested for the same duration (one year), we distribute the profit based on their initial investment ratio.
Find the Investment Ratio:
Ramu's investment = 1300
Somu's investment = 2200
Ratio = 1300 : 2200 = 13 : 22
Determine Total Ratio Parts:
Total parts = 13 + 22 = 35
Calculate Ramu's Share:
Ramu's share = (Ramu's ratio part / Total ratio parts) * Total profit
Ramu's share = (13 / 35) * 7350
Ramu's share = 13 * (7350 / 35)
Ramu's share = 13 * 210 = 2730