Problem Statement
A, B and C invest in a business proportional to their investment periods. A invests Rs.20000 for 12 months, B invests Rs.25000 for 6 months and C invests Rs.30000 for 8 months. Find the share of profit of A and B respectively if total profit is Rs.42000.
Explanation
A = 20000×12 = 240000; B = 25000×6 = 150000; C = 30000×8 = 240000. Ratio = 24:15:24 = 8:5:8. Total = 21 parts. A = 8/21×42000 = 16000; B = 5/21×42000 = 10000.
Practice Sets
This question appears in the following practice sets: