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Question

Nikita and Nishita enter into a partnership by investing Rs 50,000 and Rs 40,000, respectively. They agreed to share profits in the ratio of their capitals. Find out the share of Nikita when the profit of the business is Rs 22500 after a year.

A
Rs 1,500
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B
Rs 9,500
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C
Rs 10,500
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D
Rs 13,500
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E
None of the above
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Solution

The correct option is D Rs 13,500
Here, C1=50000,C2=40000 and P=22500
C1+C2=50000+40000=90000
Nikita's share =C1×PC1+C2=50000×2250090000
=59×22500=Rs 12500

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