A and B started a business with investments of Rs 4000 and Rs 3000 respectively. After 6 months, B withdrew from the business. At the end of the year, the total profit was Rs 660. Find the share of profit (in Rs) received by A.
Correct Answer :
480
Solution :
To find the share of profit received by A, we need to determine the ratio of the investments made by A and B over time.
Let's calculate the effective investment of A:
A started the business with Rs 4000 and stayed for the entire year (12 months).
Now, let's calculate the effective investment of B:
B started the business with Rs 3000 and withdrew after 6 months.
Next, we find the ratio of their profits, which is equal to the ratio of their effective investments:
Simplifying this ratio by dividing both parts by 6000:
The total profit at the end of the year is Rs 660.
The sum of the ratio parts is:
Now, we can calculate A's share of the profit:
Therefore, the share of profit received by A is Rs 480.
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