'A' started a business with investment of ₹5000. After 2 months, 'B' & 'C' joined with ₹2500 and ₹3500, respectively. If total annual profit was ₹4800, what was B's share in annual profit?
'A' started a business with investment of ₹5000. After 2 months, 'B' & 'C' joined with ₹2500 and ₹3500, respectively. If total annual profit was ₹4800, what was B's share in annual profit?
Solution
✅ Correct Option: 4
Profit is shared in the ratio of money multiplied by time.
B and C joined 2 months late, so they stayed for months.
| Partner | Money | Time | Money Time |
|---|---|---|---|
| A | ₹5000 | 12 months | |
| B | ₹2500 | 10 months | |
| C | ₹3500 | 10 months |