A started a business by investing Rs.8000. 3 months later B joined him with Rs.5000. If at the end of a year total profit earned was Rs.2350. How much is the share of A more than the share of BSelect one:a. Rs.600b. Rs.800c. Rs.400d. Rs.850
Question
A started a business by investing Rs.8000. 3 months later B joined him with Rs.5000. If at the end of a year total profit earned was Rs.2350. How much is the share of A more than the share of BSelect one:a. Rs.600b. Rs.800c. Rs.400d. Rs.850
Solution
The profit in a business is divided among the partners in the ratio of their investment multiplied by the time period for which they invested.
Here, A invested Rs.8000 for 12 months and B invested Rs.5000 for 9 months (since B joined 3 months later).
So, the ratio of their investments is:
A : B = 800012 : 50009 = 96 : 45
The total profit is Rs.2350. So, the share of A and B will be divided in the ratio 96:45.
Let's calculate their individual shares:
A's share = (96 / (96+45)) * 2350 = Rs. 1440
B's share = (45 / (96+45)) * 2350 = Rs. 910
Therefore, A's share is Rs.1440 - Rs.910 = Rs.530 more than B's share.
So, none of the options given in the question is correct. The correct answer should be Rs.530.
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