PradeepBabu and Amina bibi started a business by investing rupees 24000 and rupees 30000 respectively at the beginning of a year. after 5 months Pradeep Babu invested rupees 400 more. if the early profit was rupees 27716 lat us write by calculating the share of each of them.
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Answer:
Pradipbabu’s initial investment = ₹24000 for a year
= 24000 × 12
= ₹288000
Later, Pradipbabu invested = ₹4000 for 7 months
= 4000×7
= ₹28000
So, Pradipbabu’s total investment = ₹288000 + ₹28000
= ₹316000
Aminabibi’s initial investment = ₹30000 for a year
= 30000×12
= ₹360000
Ratio of capital invested = 316000 : 360000
= 79:90
Total profit = ₹27716
Hence, their shares of profit in ratio of their capitals are:
= ₹12956
= ₹14760
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