M and N invest ₹80,000 and ₹1,20,000. After a year, the total profit, including 10% interest, is ₹33,000. What is N’s share?
Show answer & explanation
Correct answer: D
Explanation
M's investment = ₹80,000
N's investment = ₹1,20,000
Investment ratio = 80,000 : 1,20,000 = 2 : 3
Total profit = ₹33,000
Profit-sharing ratio = 2 : 3
Total parts = 5
N's share = (3/5) × 33,000 = ₹19,800