A and B start a business with ₹2000 and ₹3000 respectively. After 1 year, total profit is ₹1000. Find B’s share.
Show answer & explanation
Correct answer: C
Explanation
Given:
A's investment = 2000
B's investment = 3000
Total profit = 1000
Formula:
Profit ratio = Investment ratio
A : B = 2000 : 3000 = 2 : 3
Total ratio = 2 + 3 = 5
B's share = (3 / 5) × 1000 = 600