Sanjiv and Rajiv started a business investing rupees 30000 rupees 50000 respectively what percentage of the annual profit should given to each of them
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here is your answer
Step-by-step explanation:
Rajeev's capital =36000×8+(36000+4000)×4=448000 for 1 month
Sanjeev's capital =40000×9+(40000−4000)×3=Rs.468000 for 1 month
Profit sharing ratio =448000:468000=112:117
Rajeev's profit = 112/229×45800=Rs.22400
SAnjeev's profit = 229/117×45800=Rs.23400
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