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Question 60
A started a business by investing Rs. 33600. After three month B joined him by investing Rs. 23100. After 3 months of B’s investment, C joined them by investing Rs. 18900. If the total annual profit earned by them is Rs. 26450, what is C’s share of profit?
Solution
Their investments are in the ratio 33.6:23.1:18.9
The time periods are in the ratio 1:0.75:0.5
Hence, the profits would be in the ratio: 33.6:17.325:9.45
Therefore, C share = 26450*(9.45/60.375) = Rs. 4140
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