Sohan started a business with a capital of rs. 80000. After 6 months mohan joined as a partner by investing rs. 65000. After one year they earned total profit rs. 20000. What is share of sohan in the profit?
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Answer:
Share of sohan profit is ₹14222.2
Step-by-step explanation:
let Sohan's capital C1 be ₹80000
Let Mohan's capital C2 be ₹65000
Sohan's Time T1=12months
Mohan's time T2= 6months
Profit = ₹20000
so,Now we will find out the ratio of their profits which is -
Profit of Sohan/Profit of Mohan = (C1*T1)/C2*T2) =
=(80000*12)/(65000*6)
= 960000/390000
=32/13
hence, the profit of Sohan and Mohan is = 32:13
So, sohan's share = (32/45)*20000= ₹14222.2
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