X and Y invest Rs. 21,000/- and Rs. 17,500/- respectively in a business and at the end of the year they…
X and Y receive Rs. 14,400 and Rs. 12,000 respectively. Their investments are in the ratio 21,000:17,500 = 6:5. Dividing Rs. 26,400 into eleven equal parts gives Rs. 2,400…
Choose your answer
X and Y invest Rs. 21,000/- and Rs. 17,500/- respectively in a business and at the end of the year they make a profit of Rs. 26,400/-. Find their individual shares in the profit if they share in Investment Ratio.
Answer and explanation
Correct answer A
X and Y receive Rs. 14,400 and Rs. 12,000 respectively. Their investments are in the ratio 21,000:17,500 = 6:5. Dividing Rs. 26,400 into eleven equal parts gives Rs. 2,400 per part, so the shares are six and five parts.
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