A, B and C invested ₹24,000, ₹36,000, and ₹40,000, respectively. A's investment was for 12 months, B's for 8 months, and C's for 6 months. The total profit is ₹50,000. What is B's share of the profit?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. ₹17,647.06.
A : B : C = (24000 × 12) : (36000 × 8) : (40000 × 6)
= 288000 : 288000 : 240000
= 6 : 6 : 5
B’s share = (6/17) × 50000 = 17647.06 (approx)