Question
A started a retail business by investing Rs.30,000.
After nine months B joined him with a capital of Rs.62,000. After 2 years, they earned a profit of Rs.61,600. What was the A’s share in the profit?Solution
Ratio of the capital invested by A and B = (30000 × 24):(62000 × 15) ⇒ 24 : 31 Therefore, A’s share = 61600 x (24/55) = Rs.26880
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