A, B, and C invest ₹20,000, ₹30,000, and ₹50,000, respectively, in a business. The profit at the end of the year is ₹50,000. What is B’s share of the profit?
Show answer & explanation
Correct answer: A
Explanation
Given:
A's investment = ₹20,000
B's investment = ₹30,000
C's investment = ₹50,000
Total profit = ₹50,000
Investment ratio = 20,000 : 30,000 : 50,000 = 2 : 3 : 5
Total share = 2 + 3 + 5 = 10
B's share = (3 / 10) × 50,000 = ₹15,000