Question 49

A, B and C started a business with investments of Rs.1,500/, Rs.550/and Rs.2,400/respectively. After 8 months from the start of the business, A and C left and B invested an additional amount of Rs.450/. If difference between the share in annual profit received by B and the total annual profit was Rs.13,000/, what was the total annual profit received ?

Solution

Ratio of investments of A,B,C
=(1500 * 8 ): (550 *8 + 1000 * 4) : (2400 *8)
=10 :7 :16
Let total profit Rs X
B’s share = 7x/33
According to question
x-7x/33 = 13000
x= Rs 16500


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