Question

A, B and C jointly start a business venture with a agreement that A would
invest
Rs. 13,000 for 6 months, B, RS. 16,800 for 5 months and C Rs 20,000 for 3
months. A wants to be the working member for which he was to receive 5% of
the profits. The profit earned was Rs 14800 Calculate the share of B in the
profit?
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Answer 1

Answer:

For managing, A receives = 5% of Rs. 14800 = Rs. 740.

Balance = Rs. (14800 – 740) = Rs. 14060

Ratio of their investments = (13000 x 6) : (16,800 x 5) : (20000 x 3)

= 78000 : 84000 : 60000 = 13 : 14 : 10

B’s share = Rs.14060 x 14/37 = 5320