A startup has three stakeholders. A brought 40% of the capital, and B brought the rest. C joined later and was promised 20% of the total profit for branding. If the total profit was Rs. 2,50,000, how much was B's share?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Rs. 1,20,000.
Total profit = 250000
C gets = 20/100 × 250000 = 50000
Remaining profit for A and B = 250000 - 50000 = 200000
A brought 40% capital, B brought 60%.
A : B = 40 : 60 = 2 : 3
B's share = (3/5) × 200000 = 120000