A and B started a business by Investing Rs. 35,000 and R. 20,000 respectively. B left the business after 5 months and C joined the business with the sum of Rs. 15,000. The profit earned at the end of the year is Rs. 84,125. Find the B's share in the profit.
Solution
Correct Answer: Option A
According to the law of partnership:
Ratio of equivalent capital of A, B and C for 1 month
= (35000 × 12) : (20000 × 5) : (15000 × 7)
= (35 × 12) : (20 × 5) : (15 × 7)
= 84 : 20 : 21
∵ Sum of the ratios = 84 + 20 + 21 = 125
∴ B's share = \(Rs.\left( {\frac{{20}}{{125}} \times 84125} \right) = Rs.13460\)
Hence, the required share of B is Rs 13,460,
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