A, B, and C discussed the possibility of starting a business together. A committed to invest Rs. 6500 for six months, Rs. 8400 for five months, and Rs. 10,000 for three months. A want to be a working member, for which he will be paid 5% of the earnings. A profit of Rs. 7400 was made. Calculate B's profit contribution.
A. Rs. 1900
B. Rs. 2660
C. Rs. 2800
D. Rs. 2840
Answer:B
A, B, and C discussed the possibility of starting a business together. A committed to invest Rs. 6500 for six months, Rs. 8400 for five months, and Rs. 10,000 for three months. A want to be a working member, for which he will be paid 5% of the earnings. A profit of Rs. 7400 was made. Calculate B's profit contribution.
A. Rs. 1900 B. Rs. 2660 C. Rs. 2800 D. Rs. 2840
Explanation: A received 5% of Rs. 7400, or Rs. 370, for managing.Balance = (7400 - 370) = 7030 rupees.Their investment ratio is (6500 x 6): (8400 x 5): (10000 x 3)= 39000 : 42000 : 30000 = 13 : 14 : 10.B's portion is Rs. 7030 divided by 14/37 = Rs. 2660.