Question
Ajay and Akshay started a business with initial
investments of Rs. 12,000 and Rs. 15,000, respectively. After 6 months, Ajay increased his investment by Rs. 3,000, while Akshay reduced his investment by Rs. 3,000. If the total profit at the end of the year is Rs. 19,650, calculate Ajay's share of the profit.Solution
Ratio of profit of Ajay and Akshay after 1 year = (12000 × 6 + 15000 × 6):(15000 × 6 + 12000 × 6) = (72 + 90):(90 + 72) = 1:1 Profit share of Ajay =1/2 × 19650 = Rs. 9825
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