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Question
A starts a business with ₹5000 and B joins the business 5 months later with an investment of ₹6000. After a year, they earn a profit of ₹34000. Find the shares of A and B in the profit amount depending on their individual investment.
Options
₹ 20000, ₹ 14000
₹ 16000, ₹ 16000
₹ 14000, ₹ 20000
None of these
MCQ
Solution
₹ 20000, ₹ 14000
Explanation:
Effective price contributed by A = 5000 × 12 = 60000
Effective price contributed by B = 6000 × 7 = 42000
Ratio`=60000/42000=10/7`
Total profit = 34000
A gets`=34000xx10/17=₹20000`
B gets`=34000xx7/17=₹14000`
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Ratio and Proportion (Entrance Exam)
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