A starts business with rs. 35,000 and after 5 months, b joins with a as his partner. After a year, the profit is divided in the ratio 2:3. What is bs contribution in the capital?
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Answer:
Explanation:
Let the contribution of B to the capital be Rs x.
A's notional capital = Rs 3500 (12) while B's notional capital is Rs x(7)
Ratio of profit should be 3500(12) : 7x
This is given as 2 : 3
So, 3500(12) : 7x = 2 : 3
x = 3500(12)(3)/14 = 9000
So B contributes Rs 9000.
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