Anil begins a business with ₹1,00,000. After 6 months, Sunil joins with ₹1,50,000. After another 3 months, Ravi joins with ₹2,00,000. If the yearly profit is ₹1,80,000, what is Ravi’s share?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. ₹40,000.
Anil : Sunil : Ravi
= 1,00,000 × 12 : 1,50,000 × 6 : 2,00,000 × 3
= 4 : 3 : 2
Ravi’s share of profit = [1,80,000 ÷ (4 + 3 + 2)] × 2
= 20,000 × 2
= 40,000