Simran started a software business by investing Rs 50000 After six months Nanda joined her with a capital of Rs 80000 After 3 year they earned a profit of Rs 24500 What was Simran's share in the profit?
A
Rs 9423
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Rs 10500
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
Rs 12500
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Rs 14000
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution
The correct option is C Rs 10500 Simran invested Rs 50000 for 36 months and Nanda invest Rs 80000 for 30 months Then Ratio of their investment=50000×36:80000×30 1800000:2400000 3:4 Total profit= Rs.24500 Then Simran Share of Profit=37×24500=10500Rs.