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Question 95
Gopi started a business and invested Rs. 48000 at the start of it. Raghav joined him after 2 months and invested Rs. 42000. Two years after Gopi started the business, there was a profit of Rs. 41520. What is Raghav's share of the profit?
Solution
Gopi invested for a total of 2 years = 24 months.
Raghav invested for a total of 22 months.
Hence, the ratio of their share in the profits is 48000*24 : 42000*22 = 8*12 : 7*11 = 96:77
Hence, Raghav's share of the profit is 77/(77+96)*41520 = Rs. 18480
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