Question
‘X’ started a business by investing Rs. 2,000. After 3
months, ‘Y’ joined with 50% of X’s investment. If the annual profit is Rs. 6,600, find the profit share of ‘Y’.Solution
Amount invested by ‘Y’ = 2000 × 0.5 = Rs. 1000
Ratio of profit shares of ‘X’ and ‘Y’ = (12 × 2000):(9 × 1000) = 24:9 = 8:3
So, profit share of ‘Y’ = 6600 × (3/11) = Rs. 1,800
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