Question
Three partners, 'A', 'B', and 'C', invested in a
business with contributions of Rs. 24,000, Rs. 15,000, and Rs. 18,000, respectively. They committed their investments for durations of 3 months, 6 months, and 1 year. After the business operations, the total profit amassed was Rs. 29,400. Calculate the share of profit that goes to 'B' from this total profit.Solution
Respective ratio of the profits received by ‘A’, ‘B’ and ‘C’ = (24000 × 3):(15000 × 6):(18000 × 12) = 4:5:12 Therefore, profit received by ‘B’ = 29400 × (5/21) = Rs. 7000
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