Question
"A" and "B" initiated a business venture with
investments of Rs. 2,400 and Rs. 3,000, respectively. Three months into the business, "C" joined the partnership with an investment of Rs. 1,800. If the total profit for the year amounted to Rs. 9,000, calculate the share of the profit that "B" would receive.Solution
Ratio of profit share of ‘A’, ‘B’ and ‘C’ = (2400 × 12):(3000 × 12):(1800 × 9) = 16:20:9 Therefore, profit share of ‘B’ = [20/(16 + 20 + 9)] × 9000 = Rs. 4,000
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