Mohan and Vikas started a business by investing Rs 60000 and Rs 50000 respectively. After 4 months Mohan again invested Rs 20000 and at the end of the 10th month he withdrew Rs 30000 whereas Vikas invested Rs 30000 after 6 months. What is the ratio in which profit will be divided between Mohan and Vikas at the end of the year?
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Mohan capital in the beginning 60000
he invested 20000 after 4 months , so capital is 80000 after 4 months
then 60000 invested for 4 months ,after 10 months he withdraw 30000 so capital is after 10 months is 50000 then 80000 capital is invested for next 6 months and then 50000 invested for 2 months
60000×4=240000
80000×6. =480000
50000×2 =100000
total. = 820000
Vikas invested 50000 in the beginning after 6 months he invested 30000
so hus capital after 6 months is 80000
50000 invested for 6 months
80000 invested for 6months
50000×6=300000
80000×6=480000
total =. 780000
profit sharing ratio
Mohan. : Vikas
820000:780000
82:78
41:39
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