76. Pankaj started a business investing Rs.42000.
After 4 months Nitin joined with a capital of
Rs. 57000. At the end of the year the total profit
was Rs.26000. What is the difference between
the share of profits of Pankaj and Nitin ?
Answers
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1
Answer:
Rs. 1300
Step-by-step explanation:
Let Pankaj be A and Nitin be B
A : B = 42000 x 12 : 57000 x 8
A : B = 21 : 19
A= 21/40x26000 = 13650
B= 19/40x26000 = 12350
Therefore, A - B = 13650 - 12350
Hence, the difference between the Share of profits of Pankaj and Nitin is Rs. 1300
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