Discussion :: Partnership
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Simran started a software business by investing Rs. 50,000. After six months, Nanda joined her with a capital of Rs. 80,000. After 3 years, they earned a profit of Rs. 24,500. What was Simran's share in the profit?
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Answer : Option D
Explanation :
Simran : Nanda = (50000 x 36) : (80000 x 30) = 3 : 4.
Simran's share = Rs[24500\(* \frac { 3 } { 7 } ]\)= Rs. 10,500.
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