A and B invested Rs. 15,000 and Rs. 25,000, respectively. After 6 months, A withdrew Rs. 5,000. If the total profit after 1 year is Rs. 60,000, how much does A receive?
Show answer & explanation
Correct answer: B
Explanation
Given:
A's Investment = ₹15,000
B's Investment = ₹25,000
After 6 months, A withdrew ₹5,000.
Total Profit = ₹60,000
According to the formula:
Profit Distribution = In the ratio of Investment × Time
A:
First 6 months = 15,000 × 6 = 90,000
Next 6 months = (15,000 − 5,000) × 6 = 10,000 × 6 = 60,000
Total = 90,000 + 60,000 = 150,000
B:
25,000 × 12 = 300,000
Ratio = A : B = 150,000 : 300,000 = 1 : 2
Total Shares = 1 + 2 = 3
A's Profit = (1 / 3) × 60,000 = ₹20,000