Question

Peter started a retail business by investing Rs. 25000. After eight months Sam joined him with a capital of Rs. 30,000. After 2 years they earned a profit of Rs. 18000. What was the share of Peter in the profit?

• A. Rs. 12000
• B. Rs. 16000
• C. Rs. 10000
• D. Rs. 20000

Answer 1

Answer:

C. Rs. 10000

The time period of Peter = 24 months The time period of Sam = 16 months 25000 × 24 : 30000 × 16 = 5 : 4 Peter’s share = (5/9) × 18000 = Rs. 10,000