Question
K starts a business by investing ₹75,000. Four months
later, L joins the business, contributing an amount that is 20% more than K's investment. At the end of 10 months, the total profit earned by K and L is ₹86,000. What is L's share of the profit?Solution
Amount invested by 'L' = Rs. 75,000 X 1.2 = Rs. 90,000 Ratio of profit shares of 'K' to that of 'L': = (75,000 X 10) :(90,000 X 6) = 25:18 Therefore, profit share received by 'L' = 86,000 X (18/43) = Rs. 36,000
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