A and B starts a business with investment of Rs. 28000 and Rs. 42000 respectively. A invests for 8 months and B invests for one year.If the total profit at the end of year is Rs. 21125, then what is the share of B?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Rs. 14625.
The ratio in which profit is being shared = Amount1 × Time1 : Amount2 × Time2
The ratio in which profit is being shared = 28000 × 8 : 42000 × 12 = 4 : 9
Share of B = 9 × 21125/13
Share of B = 9 × 1625 = 14625 Rs.