Ankush and Vishal started a business by investing Rs. 3000 each. Ankush left the business after 7 months and withdrew his entire investment while Vishal stayed in the business till the end. At the end of the year they earned a profit of Rs. 3800. Find the share of Ankush in the total profit.
Explanation:
Since both of them invested the same amount, profit will be divided in the ratio of their time they were invested for.
Ratio of investment for Ankush and Vishal = 7 months : 12 months = 7 : 12
Hence, share of Ankush = 7/19 × 3800 = 1400.
Hence, option (b).
» Your doubt will be displayed only after approval.
Help us build a Free and Comprehensive Preparation portal for various competitive exams by providing us your valuable feedback about Apti4All and how it can be improved.