A, B and C jointly started a business in which A invested Rs 7,000 for 12 months, B invested Rs 8,000 for 10 months and C invested Rs 12,000 for 6 months. A was the working member for which he received 20% of the profits as his remuneration. The total profit earned at the end of one year was Rs 14,750. What is C's share (in Rs) in the profit?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 3600.
We know,
Profit = Investment × Time
According to the question;
The ratio of the profits of A, B, and C,
⇒ A : B : C = 7000 × 12 : 8000 × 10 : 12000 × 6
⇒ A : B : C = 21 : 20 : 18
As we know A is a working member and receives 20% of the profits as his remuneration.
⇒ Remaining profit = 80% of 14750 = 11800
Hence, required profit share of C = (18/59) × 11800 = 3600