Simran started a software business by investing Rs. 50,000. After six months,…
2026
Simran started a software business by investing Rs. 50,000. After six months, Nanda joined her with a capital of Rs. 80,000. After 3 years, they earned a profit of Rs. 24,500. What was Simran's share in the profit?
Answer: D. Rs. 10,500 — Solution: Find each partner's capital × time contribution and use these to split the profit. Simran's contribution: 50,000 invested for 3 years = 50,000 × 36…
- A.
Rs. 9,423
- B.
Rs. 10,250
- C.
Rs. 12,500
- D.
Rs. 10,500
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Correct answer: D
Solution: Find each partner's capital × time contribution and use these to split the profit.
Simran's contribution: 50,000 invested for 3 years = 50,000 × 36 months = 1,800,000.
Nanda's contribution: 80,000 joined after 6 months, so invested for 2.5 years = 30 months → 80,000 × 30 = 2,400,000.
Ratio of Simran : Nanda = 1,800,000 : 2,400,000 = 3 : 4.
Total profit = Rs. 24,500. Simran's share = 3/(3+4) × 24,500 = 3/7 × 24,500 = Rs. 10,500.
Answer: Rs. 10,500