Ajay and Ali invested ₹30,000 and ₹50,000 in setting up a shop. For a profit of ₹8000, how much will Ajay get if the profit is distributed based on the amount invested?

₹2000

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₹3000

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₹5000

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₹8000

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Solution

The correct option is B ₹3000
Amount invested by Ajay = ₹30,000

Amount invested by Ali = ₹50,000

Ratio of investment by Ajay to investment by Ali = 30,000 : 50,000 = 3 : 5

Sum of two terms in the ratio = 3 + 5 = 8

Total profit = ₹8000, which is 1000 times ₹8.

Hence, Ajay's share in the profit earned is 1000 times ₹3 = ₹3,000.

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