A invests ₹60,000 while B invests ₹90,000, with A's investment lasting 10 months and B's for 8 months. The total profit amounts to ₹40,000. What is A's share?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. ₹18,181.82.
Investment × time:
A = 60000 × 10 = 600000
B = 90000 × 8 = 720000
Ratio = 600000 : 720000 = 5x : 6x
⇒ 5x + 6x = 40,000
⇒ 11x = 40,000
⇒ x =
A’s share = × 40000 = ₹18,181.82