Shiva starts a business with an investment of Rs. 1,00,000. Pradeep joins him after 3 months with an…
Shiva receives Rs. 24,000. The capital-time ratio is 1,00,000 × 12 : 1,50,000 × 9 = 8 : 9. His share is 51,000 × 8/17 = 24,000.
Choose your answer
Shiva starts a business with an investment of Rs. 1,00,000. Pradeep joins him after 3 months with an investment of Rs. 1,50,000. __________ is Shiva's share in the total first year profit which was Rs. 51,000.
Answer and explanation
Correct answer D
Shiva receives Rs. 24,000. The capital-time ratio is 1,00,000 × 12 : 1,50,000 × 9 = 8 : 9. His share is 51,000 × 8/17 = 24,000.
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