A started a trading firm by investing Rs. 10 lakhs. After 4 months, B joined the business by investing Rs. 15 lakhs then 2 months after B joined C too joined them by investing Rs. 20 lakhs. 1 year after A started the business they made Rs. 6,00,000 in profit. What is C’s share of the profit (in Rs.)?
A started a trading firm by investing Rs. 10 lakhs. After 4 months, B joined the business by investing Rs. 15 lakhs then 2 months after B joined C too joined them by investing Rs. 20 lakhs. 1 year after A started the business they made Rs. 6,00,000 in profit. What is C’s share of the profit (in Rs.)? Correct Answer 2,00,000
Share in profit ∝ Amount invested × time
Duration of investment for A, B and C = 12, 8 and 6 months respectively
Ratio of profit earned by A, B and C = 10 × 12 : 15 × 8 : 20 × 6
⇒ 120 : 120 : 120 = 1 : 1 : 1
Everyone earns an equal share
Share of C = 600000/3 = Rs. 200000
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Feb 20, 2025