X and Y make investments of ₹40,000 and ₹60,000, respectively. After one year, the total profit, which includes a 10% interest, amounts to ₹16,000. What portion of this profit does X receive?
Show answer & explanation
Correct answer: D
Explanation
X's investment = ₹40,000
Y's investment = ₹60,000
Investment ratio -
40,000 : 60,000 = 2 : 3
Total profit = ₹16,000
X's share = (2 / (2 + 3)) × 16,000
= (2 / 5) × 16,000
= ₹6,400