Sumit, Ravi, and Puneet invest Rs. 45000, Rs. 81000, and Rs. 90000 respectively to start a business. At the end of the year, the total profit is Rs. 4800. 30% of the total profit is given in charity and the rest is divided among them. What will be the share of Sumit?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Rs. 700
The ratio in which profit is being shared = Amount1 × Time1 : Amount2 × Time2 : Amount3 × Time3
The ratio in which profit is being shared
Sumit : Ravi : Puneet = 45000 × 1 : 81000 × 1 : 90000 × 1
The ratio in which profit is being shared = 5 : 9 : 10
Total profit = 4800 - 30% of 4800 = 4800 - 1440 = 3360 Rs.
Share of sumit = 5 × 3360/24 = 700 Rs.