Kanti started a business investing Rs. 90000. Five months later Sudhakar joined him by investing Rs. 8000. If they make a profit of Rs. 6970 at the end of year. Sudhakar's share of profit is?
Correct Answer: Rs. 2380
Explanation:
∵ Ratio of shares = (9000 x 12) : (8000 x 7) = 108 : 56 = 27 : 14
∴ Sudhakar's share = Rs. 6970 x (14/41) = Rs. 2380
