A, B and C jointly start a business venture with a agreement that A would invest Rs. 13,000 for 6 months, B, Rs. 16,800 for 5 months and C, Rs. 20,000 for 3 months. A wants to be the working member for which he was to receive 5% of the profits. The profit earned was Rs. 14800 Calculate the share of B in the profit?
Explanation:
For managing, A receives = 5% of Rs. 14800 = Rs. 740.
Balance = Rs. (14800 – 740) = Rs. 14060
Ratio of their investments = (13000 x 6) : (16,800 x 5) : (20000 x 3)
= 78000 : 84000 : 60000 = 13 : 14 : 10
B’s share = Rs.14060 x 14/37 = 5320