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Question 106
Three men A, B and C start a business together. They invest Rs30000, Rs24000 and Rs42000 respectively in the beginning. After 4 months. B took out Rs6000 and C took out Rs10000. They get a profit of Rs11960 at the end of the year, B’s share in the profit (approximately) is
Solution
The profits are divided in the ratio of [Investment X time period]
So, this number for A is 30k X 12 = 360k
For B it is 24k X 4 + 18k X 12 = 240k
For C it is 42k X 4 + 32k X 8 = 424k
So, B's share in the profit will be $$\frac{240}{360+240+424} \times 11960 = 2803.125 \approx 2803$$
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