A invests ₹24,000 for 12 months and B invests ₹36,000 for 8 months. If the total profit is ₹30,000, what is A’s share of the profit?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. ₹15,000.
A = 24000 × 12 = 288000
B = 36000 × 8 = 288000
Ratio of A to B investments = 288000 : 288000 = 1 : 1
A’s profit share = (1/2) × 30000 = 15000