A, B and C jointly thought of engaging themselves in a business venture. It was agreed that A would invest Tk. 6500 for 6 months, B, Tk. 8400 for 5 months and C, Tk. 10,000 for 3 months. A wants to be the working member for which, he was to receive 5% of the profits. The profit earned was Tk. Calculate the share of B in the profit.
Solution
Correct Answer: Option B
For managing,
A received = 5% of Tk. 7400 = Tk. 370.
Balance = Tk. (7400 - 370) = Tk. 7030.
Ratio of their investments
= (6500 x 6) : (8400 x 5) : (10000 x 3)
= 39000 : 42000 : 30000
= 13 : 14 : 10
Therefore, B's share = Tk. (7030 x 14/37)
= Tk. 2660.
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