Question
Nihit starts a business with Rs.700. After 5 months Amit
and Patel joined him with Rs 300 and Rs400 respectively. At the end of the year, the business gave a profit of Rs 627. Find the share of Patel in the profit.Solution
Nihit: Rs 700 for 12 months = 700 × 12 = 8400 Amit: Rs 300 for 7 months = 300 × 7 = 2100 Patel: Rs 400 for 7 months = 400 × 7 = 2800 Investment ratio=8400:2100:2800=12:3:4 Total investment= 19 Total profit=Rs 627 Patel's share=4/19 × 627 =132
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