A and B invested Rs. 40,000 and Rs. 60,000, respectively. At the end of 6 months, the total profit is Rs. 40,000. What is B’s share in the profit?
Show answer & explanation
Correct answer: D
Explanation
Given:
A's investment = ₹40,000
B's investment = ₹60,000
Time = 6 months
Total profit = ₹40,000
A's investment × time = 40,000 × 6 = ₹240,000
B's investment × time = 60,000 × 6 = ₹360,000
Ratio = 2,40,000 : 360,000 = 2, : 3
Total share = 2 + 3 = 5
B's share = (3/5) × 40,000 = ₹24,000