A and B invested ₹10,000 and ₹15,000 respectively. If the business made a profit of ₹12,000, what is A’s share?
Show answer & explanation
Correct answer: D
Explanation
Given:
A's investment = 10,000
B's investment = 15,000
Total profit = 12,000
Formula:
Profit ratio = Investment ratio
A : B = 10,000 : 15,000 = 2 : 3
Total ratio = 2 + 3 = 5
A's share = (2 / 5) × 12,000 = 4800