Chetan invested Rs. 9,000 for 12 months, and Sahir invested Rs. 6,000 for 6 months. If the total profit of the business is Rs. 18,000, how much will Chetan receive?
Show answer & explanation
Correct answer: D
Explanation
Given:
Chetan's investment = ₹9,000 (12 months)
Sahir's investment = ₹6,000 (6 months)
Total profit = ₹18,000
Chetan:
9,000 × 12 = 108,000
Sahir:
6,000 × 6 = 36,000
Chetan : Sahir = 108,000 : 36,000 = 3 : 1
Total shares = 3 + 1 = 4
Chetan's profit = (3 / 4) × 18,000 = ₹13,500