Arun, Kamal and Vinay invested Rs.8000, Rs.4000 and Rs. 8000 respectively in a business.
Arun, Kamal and Vinay invested Rs.8000, Rs.4000 and Rs. 8000 respectively in a business. Arun left after six months. If after eight months, there was a gain of Rs. 4005, then what will be the share of Kamal?
Answer/Solution
10000 and 15000
Steps/Work
As both A and B invest the same amounts, the ratio of their profits at the end of the year is equal to the ratio of the time periods for which they have invested.
Thus, the required ratio of their profits = A : B = 8 : 12 = 2 : 3.
Hence, share of A in the total profit = 2/5x25000 = Rs.10000
Similarly, share of B in the total profit =3/5x25000 = Rs.15000 answer :A
Thus, the required ratio of their profits = A : B = 8 : 12 = 2 : 3.
Hence, share of A in the total profit = 2/5x25000 = Rs.10000
Similarly, share of B in the total profit =3/5x25000 = Rs.15000 answer :A