A and B invested Rs. 10,000 and Rs. 20,000, respectively, in a business. If the total profit is Rs. 45,000, how much will A receive?
Show answer & explanation
Correct answer: A
Explanation
Given:
A's investment = ₹10,000
B's investment = ₹20,000
Total profit = ₹45,000
By formula:
Profit sharing = investment ratio
A : B = 10,000 : 20,000 = 1 : 2
Total ratio = 1 + 2 = 3
A's share = (1/3) × 45,000 = ₹15,000