Question
"Anurag" initiated a business with an initial investment
of Rs. 1600. After 5 months, "Bittu" joined the venture by investing Rs. 1920. If the total profit accumulated after 2 years amounts to Rs. 31200, determine "Anurag's" share of the profit.Solution
ATQ, Ratio of profit share of ‘Anurag’ to ‘Bittu’, respectively = [1600 × 24]:[1920 × 19] = 20:19 Profit share of ‘A’ = 20/39 × 31200 = Rs.16000
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