Question
Puneet invested Rs. 28,000 for 4.5 years, while Qureshi
invested Rs. 8,000 more than Puneet for a duration of 3.5 years in a business. If their combined profit is Rs. 46,574, what is Puneet's share of the profit?Solution
ATQ,
Ratio of the profits received by ‘Puneet’ and ‘Qureshi’ = (28000 × 4.5):(36000 × 3.5) = 1:1 Therefore, profit share of ‘Puneet’ = 46574/2 = Rs.23287
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