A and B start a business with ₹12,000 and ₹18,000 respectively and run it for one year. The profit is ₹15,000. What is A's share?
- A₹7,500
- B₹9,000
- C₹6,000
- D₹5,000
Show answer & solution
Answer: C. ₹6,000
Solution
Time is equal, so ratio = capital ratio = 12000 : 18000 = 2:3 A's share = 2/5 of 15,000 = ₹6,000 Answer: ₹6,000
Shortcut: Equal time: divide the profit in the capital ratio 2:3, so A gets 2/5.