A started a trading firm by investing Rs. 10 lakhs. After 4 months, B joined the business by investing Rs. 15 lakhs then 2 months after B, C too joined them by investing Rs. 20 lakhs. 1 year after A started the business, they made Rs. 6,00,000 in profit. What is C's share of the profit (in Rs)?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e. Rs. 200000
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Application |
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A started a trading firm by investing Rs. 10 lakhs. After 4 months, B joined the business by investing Rs. 15 lakhs then 2 months after B joined, C too joined them by investing Rs. 20 lakhs. So, Ratio in which the profit will be shared = (1000000 × 12) : (1500000 × 8) : (2000000 × 6) = 120 : 120 : 120 = 1 : 1 : 1 So, C's share of the profit = 600000 × 1/3 = Rs. 200000 |