Vipin started a business with an investment of Rs 42 000 After 5 months Amit joined him with a capit...........

Quant (SSC) Profit and loss

Vipin started a business with an investment of Rs. 42,000. After 5 months Amit joined him with a capital of Rs. 22,000. At the end of the year the total profit was Rs.16,409. What is Vipin’s share in the profit?

16244

12568

10782

5677

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Explanation:

Ratio of the equivalent capitals of Vipin and Amit for 1 year = 42000 × 12 : 22000 × 7
= 42 × 12 : 22 × 7 = 252 : 77
Total profit = Rs. 16409
∴ Vipin share = Rs. 252 /252 + 77 × 16409 = Rs.12568