A and B invested Rs. 60,000 and Rs. 90,000, respectively. If the profit at the end of the year is Rs. 1,50,000, what is B’s share?
Show answer & explanation
Correct answer: D
Explanation
Given:
A's investment = 60,000
B's investment = 90,000
Total profit = 150,000
Formula:
A person's share = (his investment / total investment) × total profit
Total investment = 60,000 + 90,000 = 150,000
B's share = (90,000 / 150,000) × 150,000 = 90,000