Karan started a business investing Rs 29000. After five months, Satish joined with a capital of Rs 18000. If at the end of the year, they earn a profit of Rs. 16970, then what will be the share of Satish in the profit ?
A) Rs. 5422 B) Rs. 5489 C) Rs. 4511 D) Rs. 6145
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Answer: C) Rs. 4511
Explanation:
Now as per question, Karan invested for 12 months and Satish invested for 7 months.
So, Karan:Satish = (29000 x 12):(18000 x 7)
= 348:126
= 58:21
Satish Ratio in profit will be= 16970×2179
= Rs. 4511
Explanation:
Now as per question, Karan invested for 12 months and Satish invested for 7 months.
So, Karan:Satish = (29000 x 12):(18000 x 7)
= 348:126
= 58:21
Satish Ratio in profit will be= 16970×2179
= Rs. 4511
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