Question 68

Sunil and Gopal are partners in a business. Sunil invests Rs. 20,000 for 9 months and Gopal invests Rs. 30,000 for 12 months. Find the share of Sunil from the total profit of Rs. 60,000.

Solution

Time period for which Sunil invested money, t1 = 9 months

Time period for which Gopal invested money, t2 = 12 months

Amount invested by Sunil, I1 = Rs. 20,000

Amount invested by Gopal, I2 = Rs.30,000

Profit = P = Rs. 60,000

Share of Sunil = (P × I1 × t1)/(I1t1 + I2t2) = (60000 × 20000 × 9)/(20000×9 + 30000×12) = Rs. 20,000

∴ Share of Sunil = Rs. 20,000

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