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Explanation
Kamal started a business investing Rs. 9000.
Shahid joined with a capital of Rs. 8000 (after 5 months).
- First; we’ll calculate Kamal total investment for 12 months (9000 x 12 = 108000).
- Second; we’ll calculate Shahid’s total investment for 7 months (8000 x 7 = 56000)
As the ratio of investment equals ratio of profit, this implies that
Kamal : Shahid = 108000 : 56000
Now; as, profit is given (6970) so, required share will be determined by substituting known values in the formula mentioned under as:
Shahid’s share in profit = (Shahid’s ratio of investment x total profit) / total ratio
To Find
Shahid’s share in profit = ?
Solution
Total investment of Kamal for 8 months = 9000 x 12 = 108000
Total investment of Shahid for 7 months = 8000 x 7 = 56000
Kamal : Shahid = 108000 : 56000
Kamal : Shahid = 27 : 14 (27 + 14 = 41)
Shahid’s share in profit = (14 x 6970)/41 = Rs. 2380 answer
Conclusion
Kamal started a business investing Rs. 9000. After five months, Shahid joined with a capital of Rs. 8000. If at the end of the year, they earn a profit of Rs. 6970, then share of Shahid in the profit will be Rs. 2380.
