If two partners invest for the same period but share profits in 2 : 3, and the total profit is Rs. 15,000, what is the capital of the second partner if the first invested Rs. 10,000?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Rs. 15,000.
Profit ratio = capital ratio (Time same)
Let the second capital = x.
2/3 = 10000/x
⇒ x = 10000 × 3/2 = 15000