X, Y, and Z invest Rs. 12,000, Rs. 15,000, and Rs. 18,000, respectively. X invests for 12 months, Y for 8 months, and Z for 10 months. If the total profit is Rs. 22,000, calculate Y’s share.
Show answer & explanation
Correct answer: C
Explanation
Given:
X = 12,000 (12 months)
Y = 15,000 (8 months)
Z = 18,000 (10 months)
Total Profit = ₹22,000
X = 12,000 × 12 = 144,000
Y = 15,000 × 8 = 120,000
Z = 18,000 × 10 = 180,000
Ratio = 144,000 : 120,000 : 180,000 = 12 : 10 : 15
Total Shares = 12 + 10 + 15 = 37
Y's Share = (10/37) × 22,000 = 5,945.95