A and B started a business by investing Rs. 75,000 and Rs. 45,000 respectively. After 3 months, C joined with Rs. 60,000. At the end of the year, what is C's share in a profit of Rs. 40,000 (approx.)?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Rs. 10,909.
A : B : C = (75000 × 12) : (45000 × 12) : (60000 × 9)
= 900000 : 540000 : 540000
= 5 : 3 : 3
Total profit = 40000
C’s share = (3/11) × 40000 ≈ 10909