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Ankur, Babu, and Chintu jointly thought of engaging themselves in a business venture. It was agreed that Ankur would invest Rs. 5000 for 10 months, Babu, Rs. 8000 for 5 months and Chintu, Rs. 12000 for 5 months. Ankur wants to be the working member for which he was to receive 10% of the profits. The profit earned was Rs. 9000. Calculate the share of Babu in the profit?
Rs. 2160
Rs. 1206
Rs. 1340
Rs. 1450
For managing, Ankur receive = 10% of Rs. 9000 = Rs. 900 Balance = Rs. (9000 - 900) = Rs. 8100 Ratio of their investments = (5000×10) : (8000×5) : (12000×5) = 500000 : 40000 : 60000 = 5 : 4 : 6 Hence Babu's share = Rs. ( 8100×4/15) =Rs. 2160
By: bhavesh kumar singh ProfileResourcesReport error
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