Karan started a business investing Rs 29000. After five months, Satish joined with a capital of Rs 18000. If at the end of the year, they earn a profit of Rs. 16970, then what will be the share of Satish in the profit ?
Solution
Correct Answer: Option C
Now as per question, Karan invested for 12 months and Satish invested for 7 months.
So, Karan:Satish = (29000 x 12):(18000 x 7)
= 348:126
= 58:21
Satish Ratio in profit will be= \(16970\times\frac{21}{79}\) = Rs. 4511
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