A and B invested ₹90,000 and ₹1,50,000 respectively. A remained in the business for 8 months and B for 6 months. What is the total profit if B’s share is ₹12,000?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. ₹21600.
Ratio of profits of A and B = 90000 × 8 : 150000 × 6
⇒ 3 × 4 : 5 × 3 = 4 : 5
Let the share of A and B be 4x and 5x respectively.
Given, 5x = 12000
⇒ x = 2400
Total profit = 4x + 5x
⇒ 9x
⇒ 9 × 2400 = 21600