P starts a business with Rs. 8,000. Q joins after 5 months with Rs. 12,000. If the profit at the end of the year is Rs. 6,800, what is Q's share (approx.)?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. Rs. 3,173.33.
P : Q = (8000 × 12) : (12000 × 7) = 96000 : 84000 = 8 : 7
Total profit = 6800
Q's share = (7/15) × 6800 = 47600/15 ≈ 3173.33