A, B, and C invest ₹40,000, ₹60,000, and ₹80,000, respectively. A invests for 12 months, B for 10 months, and C for 6 months. The total profit is ₹60,000. What is A's share of the profit?
Show answer & explanation
Correct answer: C
Explanation
Ratio of Capital × Time = A : B : C
= 40,000 × 12 : 60,000 × 10 : 80,000 × 6
= 48 : 60 : 48
= 4 : 5 : 4
Total ratio = 4 + 5 + 4 = 13
A's profit = 4/13 × 60,000
= ₹18,461.54 (approx.)