A and B invests Rs.10000 each, A investing for 8 months and B investing for all the 12 months in the...
A and B invests Rs.10000 each, A investing for 8 months and B investing for all the 12 months in the year. If the total profit at the end of the year is Rs.35000, find their shares?
Answer/Solution
s.14000, Rs.21000
Steps/Work
The ratio of their profits A:B
= 8:12 = 2:3
Share of A in the total profit
= 2/5 * 35000
= Rs.14000 Share of A in the total profit = 3/5 * 35000
= Rs.21000
Answer: E
= 8:12 = 2:3
Share of A in the total profit
= 2/5 * 35000
= Rs.14000 Share of A in the total profit = 3/5 * 35000
= Rs.21000
Answer: E