Two friends A and B started a business by investing ₹1,50,000 and ₹2,50,000, respectively. They agreed to distribute their earnings in the same ratio of their investments. After a year, the profit earned was ₹6,00,000. Each of them added ₹50,000 to their respective profits and invested in a different project. If this project gave a yield of ₹4,20,000, then A's share in the profit is:
1.₹1,65,000
2.₹2,35,000
3.₹1,84,000
4.₹1,97,000
Correct Answer : 1
Solution :
Ratio of profit share of A to B in the business = 150000: 250000 = 3: 5
Profit of A from the business = 600000 * 3/8 = 225000
Profit of B from the business = 600000 * 5/8 = 375000
Ratio of profit share of A to B in the project = (225000 + 50000): (375000 + 50000) = 275000: 425000 = 11: 17
Profit share of A in the project = 420000 * 11/28 = ₹165000
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