Kamal started a business investing rupees 7,000 after 5 months Sameer joined with a capital of rupees 8000 if at the end of the year there a profit of rupees 24500 what will be the share of Sameer
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Answer:
9800/-
Step-by-step explanation:
Ratio of share of profits = Investment * Time
K : S = (7000 * 12) : (8000 * 7) = 84000 : 56000 = 84 : 56 = 3 : 2
Therefore sameers share in 24500 = ( 2 / 2 + 3) * 24500 = (2 / 5) * 24500
= 9800 / -
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