A started a business with an investment of Rs. 70000 and after 6 months B joined him investing Rs. 120000. If the profit at the end of a year is Rs. 52000, then the share of B is?

A. Rs. 28000
B. Rs. 24000
C. Rs. 30000
D. Rs. 26000
E. None of these

Explanation:

Ratio of investments of A and B is (70000 * 12) : (120000 * 6) = 7 : 6

Total profit = Rs. 52000
Share of B = 6/13 (52000) = Rs. 24000

Correct Answer: Rs. 24000 ✔

Last Updated: February 07, 2020