Question

Shanthi and Ramesh enter into a business partnership in which Shanthi contributes ₹5000 for 3 months and Ramesh contributes ₹2000 for 4 months. In what ratio, a profit of ₹2300 will be split between Shanthi and Ramesh. Find their share also.

Answer 1

Shanthi contributes ₹5000 for 3 months and Ramesh contributes ₹2000 for 4 months.

$\Rightarrow$ Profit of Shanthi : Profit of Ramesh = $(5000\times 3):(2000\times 4)=15:8$

$\therefore$ profit will be shared in the ratio 15 : 8

Now, profit of Shanthi = $\frac{15}{23}\times 2300$ = ₹1500
and profit of Ramesh = $\frac{8}{23}\times 2300$ = ₹800.