Kamal and Harshit started a business by investing Rs. 4800 and Rs. 6000. After 4 months, Kamal added Rs. 1200 more and Harshit withdrew Rs. 1200 from their respective initial investment. If the annual profit earned by Harshit was Rs. 2600, then find the profit share of Kamal.
Show answer & explanation
Correct answer: A
Explanation
Given:
Kamal = 4800
Harshit = 6000
After 4 months, Kamal added 1200 → 6000
After 4 months, Harshit withdrew 1200 → 4800
Harshit's Profit = ₹2600
Kamal:
First 4 months → 4800 × 4 = 19200
Next 8 months → 6000 × 8 = 48000
Total = 67200
Harshit:
First 4 months → 6000 × 4 = 24000
Next 8 months → 4800 × 8 = 38400
Total = 62400
Kamal : Harshit = 67200 : 62400 = 28 : 26 = 14 : 13
Profit Ratio = 14 : 13
Harshit = 13 parts = ₹2600
1 part = 200
Kamal = 14 parts = 14 × 200 = ₹2800