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) 12,421
B) 9,423
C) 11,600
D) 10,500
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Answer:
D) 10,500
Explanation:
The ratio of their investments:
50000x36 : 80000x30 = 3 : 4
Simran's share of profit = (24500x3/7) = Rs.10,500.
D) 10,500
Explanation:
The ratio of their investments:
50000x36 : 80000x30 = 3 : 4
Simran's share of profit = (24500x3/7) = Rs.10,500.
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