For a business, A invests Rs. 15,000. After four months, B joins and invests Rs. 24,000 and A invests Rs. 7,000 more. After another four months, C joins and invests Rs. 52,000 and B invests Rs. 10,000 more. After one year, the profit earned was Rs. 1,01,400. What is the B’s and C’s share of profit?
For a business, A invests Rs. 15,000. After four months, B joins and invests Rs. 24,000 and A invests Rs. 7,000 more. After another four months, C joins and invests Rs. 52,000 and B invests Rs. 10,000 more. After one year, the profit earned was Rs. 1,01,400. What is the B’s and C’s share of profit? Correct Answer B = Rs. 34,800 and C = Rs. 31,200
Ratio of their share in profit = Ratio of their investments
⇒ 15000 × 4 + 22000 × 8 ∶ 24000 × 4 + 34000 × 4 ∶ 52000 × 4
Thus, ratio of their investments = 236000 ∶ 232000 ∶ 208000 = 236 ∶ 232 ∶ 208 = 59 ∶ 58 ∶ 52
Profit earned after a year = Rs. 1, 01, 400
B’s share = (58/169) × 101400 = Rs. 34800
C’s share = (52/169) × 101400 = Rs. 31200
Thus, B’s share is Rs. 34, 800 and C’s share is Rs. 31,200.