Partners X and Y invest ₹60,000 for 8 months and ₹90,000 for 7 months respectively. Find Y’s share in a ₹35,150 profit.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. ₹19,950.
X’s share : Y’s share
60,000 × 8 : 90,000 × 7
= 16 : 21
Y’s share of profit = [35150/(16 + 21)] × 21
= 950 × 21 = 19950