A and B invest in a business in the ratio 7:3. If the total profit earned after a year is Rs. 1,00,000, how much profit will B receive?
Show answer & explanation
Correct answer: B
Explanation
Given:
A : B's investment = 7 : 3
Total profit = ₹1,00,000
Total share = 7 + 3 = 10
B's share = (3 / 10) × 1,00,000 = ₹30,000