Ankush and Vishal started a business by investing Rs. 3000 and Rs. 5000 respectively. 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. 5400. Find the difference between the profit received by the two.
Explanation:
We know, Profit ∝ Investment × Time
Ratio of profit for Ankush and Vishal = 3000 × 7 : 5000 × 12 months = 7 : 20
Hence, share of Ankush = 7/27 × 5400 = 1400.
Share of Vishal = 5400 – 1400 = 4000.
Hence, the difference = 4000 – 1400 = 2600.
Hence, option (c).
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