A, B and C jointly thought of engaging themselves in a business venture. It was

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A, B and C jointly thought of engaging themselves in a business venture. It was agreed that A would invest Rs. 6500 for 6 months, B, Rs. 8400 for 5 months and C, Rs. 10,000 for 3 months. A wants to be the working member for which, he was to receive 5% of the profits. The profit earned was Rs. 7400. Calculate the share of B in the profit.

Options:

A . Rs. 1900

B . Rs. 2660

C . Rs. 2800

D . Rs. 2840

Answer: Option B

For managing, A received = 5% of Rs. 7400 = Rs. 370.

Balance = Rs. (7400 - 370) = Rs. 7030.

Ratio of their investments = (6500 x 6) : (8400 x 5) : (10000 x 3)

= 39000 : 42000 : 30000

= 13 : 14 : 10

Therefore B's share = Rs. \(\left(7030\times\frac{14}{37}\right)\) = RS.2660.

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