Q. 94.2( 36 Votes )
Pradipbabu and Aminabibi started a business by investing ₹24000 and ₹30000 respectively at the beginning of a year. After 5 months Pradipbabu invested the capital of ₹4000 more. If the yearly profit was ₹27716, let us write by calculating the share of each of them.
Pradipbabu’s initial investment = ₹24000 for a year
= 24000 × 12
Later, Pradipbabu invested = ₹4000 for 7 months
So, Pradipbabu’s total investment = ₹288000 + ₹28000
Aminabibi’s initial investment = ₹30000 for a year
Ratio of capital invested = 316000 : 360000
Total profit = ₹27716
Hence, their shares of profit in ratio of their capitals are:
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