A and B started a business by investing money in ratio of 5:6. C joined them after few months by sharing an amount equal to B's share. At the end of year 20% profit was earned which was equal to Rs 98,000. How much money was invested by C?
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Step-by-step explanation:
Let total profit=x
20 % of x=98000
⇒
100
20
x=98000
⇒x=490000
Share of A=5x×12=60x
Share of B=6x×12=72x
Share of C=6x×6=36x
⇒60x+12x+36x=490000×12
⇒168x=490000×12
⇒x=
168
490000×12
⇒x=35000
Hence R's investment=6x=6×35000=210000
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