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Standard XII

Accountancy

Hidden Goodwill

Simran starte...

Question

Simran started a software business by investing Rs. 50,000. After six months, Nanda joined her with a capital of Rs. 80,000. After 3 years, they earned a profit of Rs. 24,500. What was Simran's share in the profit?

Rs.9000

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Rs.8000

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Rs.8500

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Rs.10500

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Rs.9500

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Solution

The correct option is D
Rs.10500

$\frac{S i m r a n}{N a n d a} = \frac{(50000 \times 36)}{(80000 \times 30)} = \frac{3}{4} .$

$∴$ Simran's share = Rs. $(24500 \times \frac{3}{7})$ = Rs. 10,500.

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Simran started a software business by investing Rs. 50,000. After six months, Nanda joined her with a capital of Rs. 80,000. After 3 years, they earned a profit of Rs. 24,500. What was Simran's share in the profit?

The correct option is D Rs.10500 SimranNanda=(50000×36)(80000×30)=34. ∴Simran's share = Rs. (24500×37)= Rs. 10,500.

The correct option is D
Rs.10500

$\frac{S i m r a n}{N a n d a} = \frac{(50000 \times 36)}{(80000 \times 30)} = \frac{3}{4} .$

$∴$ Simran's share = Rs. $(24500 \times \frac{3}{7})$ = Rs. 10,500.