Question
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?
Answer: Option B
- For managing, A receives = 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 B's share = Rs. 7030 x 14 37 = Rs. 2660.
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- For managing, A receives = 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 B's share = Rs. 7030 x 14 37 = Rs. 2660.
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