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Mr. X started a business investing Rs.25,000 in 1996.In 1997 he invested an additional amount of Rs. 10,000 and Mr. Y joined him with an amount of Rs.35,000.In 1998 , Mr.X invested another additional amount of Rs.10,000 and Mr. Z joined them with an amount of Rs. 35,000. Find the share of Mr. Y in the profit of Rs. 1,50,000 earned at the end of 3 years from the start of the business in 1996?
Rs.50,000
Rs.80,000
Rs.70,000
Rs.40,000
Mr. X : Mr. Y : Mr. Z [(25000*3)+(10000*2)+(10000*1)] : (35000*2) : (35,000*1) 105000 : 70000 : 35000 3 : 2 : 1 Mr. Y’s share in the profit = (2/6)*1,50,000 = Rs. 50,000
Hence, option 1 is the correct answer.
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