Question
Sonia invested Rs. 15,000 in a business. After 5 months, Ramesh joined with an investment of Rs. 18,000. If the total profit at the end of 2 years is Rs. 35,200, what is Ramesh’s share of the profit?
Solution
ATQ;
Ratio of profit share of ‘Sonia’ and ‘Ramesh’ = [15000 × 24]:[18000 × 19] = 360:342
Profit share of ‘Ramesh’ = (342/702) × 35200 = Rs. 17,120
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