Sunetra invested an amount of Rs. 50,000 to start a software business. After six months Nikhil joined her with an amount of Rs. 80,000. At the end of 3 years they eamed a proflt of Rs. 24,500. What is Sunetra’s share in the proflt ?
Sunetra invested an amount of Rs. 50,000 to start a software business. After six months Nikhil joined her with an amount of Rs. 80,000. At the end of 3 years they eamed a proflt of Rs. 24,500. What is Sunetra’s share in the proflt ?
ARs, 14,000
B Rs. 9423
CRs. 10, 500
DRs. 12,500
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Correct answer is: Rs. 10, 500
Explanation:
The ratio of capital invested by each partner i.e. Sunetra and Nikhil for 1 month in order to get the same profit is :
36 x 50000 : 30 x 80000
= 3 : 4
Share of Sunetra out of
Rs.24500 = Rs.3/7 x 24500
= Rs.10,500
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