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Question
Ramani started a business with a capital of ₹8,000. Vanita joined the business after 4 months with a capital of ₹6,000. At the end of one year of business if they earned a profit of ₹3,600, then the share of Vanita is:
Options
₹1,500
₹1,800
₹1,200
₹2,400
MCQ
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Solution
₹1,200
Explanation:
Ramani's principal = ₹8000
The time period of Ramani = 12 month
Vanita's principal = ₹6000
The time period of Vanita = 8 month
∴ Ramani : Vanita
= 8000 × 12 : 6000 × 8
= 12:6
= 2:1
Total profit = ₹3600
∴ Share of Vanita = `1/3 xx 3600`
= ₹1,200
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Partnership (Entrance Exam)
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