Question

A, B and C jointly thought of engaging themselves in a business venture. It was agreed that A would invest Rs. 6500 for 6 months, B Rs. 8400 for 5 months and C, Rs. 10,000 for 3 months. A wants to be the working member for which, he was to receive 5% of the profits. The profit earned was Rs. 7400. Calculate the share of B in the profit.

• A. Rs.1900
• B. Rs.2660
• C. Rs.2550
• D. Rs.2450

Answer 1

The correct option is B

Rs.2660

A received = 5% of Rs. 7400 = Rs. 370.

Balance = Rs. (7400 - 370) = Rs. 7030.

Ratio of their investments = (6500 x 6) : (8400 x 5) : (10000 x 3)

= 39000 : 42000 : 30000

= 13 : 14 : 10

B's share = Rs. (7030$\times \frac{14}{37}$ )

= Rs. 2660