A starts a business with Rs. 5000 and B joins the business 5 months later with an investment of Rs. 6000. After a year they earn a profit of Rs. 34000, find the shares of A and B in the profit amount depending on their individual investment.
Correct Answer :
Rs. 20000, Rs. 14000
Solution :
Correct Option: Rs. 20000, Rs. 14000
To find the shares of A and B in the total profit, we need to calculate the ratio of their effective investments over the total period of 1 year (12 months).
Step 1: Calculate the effective investment of A and B
A started the business with Rs. 5000 and stayed for the entire year (12 months).
B joined 5 months later with Rs. 6000, which means B's money was invested for (12 - 5) = 7 months.
Step 2: Find the ratio of their profits
The profit is divided in the ratio of their effective investments:
Dividing both terms by 6000, we get:
Step 3: Calculate the individual shares from the total profit
Total ratio parts = 10 + 7 = 17 parts.
Total profit = Rs. 34000.
Therefore, the shares of A and B in the profit amount are Rs. 20000, Rs. 14000.
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