Question
A started a retail business by investing Rs.28,000. After eight months B joined him with a capital of Rs.54,000. After 2 years, they earned a profit of Rs.29,120. What was the A’s share in the profit?
Solution
Ratio of the capital invested by A and B = (28000 × 24):(54000 × 16) ⇒ 7 : 9 Therefore, A’s share = 29120 x (7/16) = Rs.12740
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