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A and B together started a firm with an investment of Rs.30,000 and Rs.50,000 resp. After completion of one year, A increased investment by 20%, while B decreased investment by 14%. If at the end of second year, total profit earned by them was Rs.47700. Find the share of profit of B.
Rs.23200
Rs.27000
Rs.29800
Rs.27900
Total investment by A = 30000+1.2*30000 = Rs.66000 Total investment by B = 50000+0.86*50000 = Rs.93000 Ratio of investment = 66000:93000 = 22:31 Profit share of B = 31/53*47700 = Rs.27900
By: Pranav Gupta ProfileResourcesReport error
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