Simran started a software business by investing Rs. 50,000. After six months, Nanda joined her with a capital of Rs. 80,000. After 3 years, they earned a profit of Rs. 24,500. What was Simran's share in the profit ?
A) 10110 B) 10500 C) 12000 D) 13000
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Answer: B) 10500
Explanation:
Simran : Nanda = (50000 * 36) : (80000 * 30) = 3 : 4.
Simran's share = Rs. ( 24500 * 3/7) = Rs. 10500.
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