Question
‘M’ started a business with an investment of Rs.
2900. After 2 months ‘N’ joins the business with an investment of Rs. 2400. If the total profit earned by them together at the end of the year is Rs. 8330, then find the annual profit share of ‘N’?Solution
Ratio of profit share of ‘M’ and ‘N’ = (2900 × 12):(2400 × 10) = 29:20 Profit share of ‘B’ = (20/49) × 8330 = Rs. 3400
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