Question

Teena, Reena and Sheena start a business with investment of respectively ₹ 24000, ₹ 28000 and ₹ 20000. Teena invests for 8 months, Reena invest for 10 months and Sheena invests for one year. If the total profit at the end of year is ₹ 25810, then what is the share of Teena?

• A. ₹6960
• B. ₹10150
• C. ₹7940
• D. ₹8700

Answer 1

Answer:

A. ₹6960

Solution: Given: Teena, Reena and Sheena start a business with investment of respectively ₹ 24000, ₹ 28000 and ₹ 20000 Teena invests for 8 months, Reena invest for 10 months and Sheena invests for one year. Total Profit = 25810 Concept: Ratio in which profit divides = Sum of money invested by individual × Duration for which money is invested. Calculation: Ratio in which profit divides = 24000 × 8 : 28000 × 10 : 20000 × 12 ⇒ Ratio = 24 × 8 : 28 × 10 : 20 × 12 ⇒ Ratio = 24 : 35 : 30 Share of Teena ⇒ 25810 × 24/(24 + 35 + 30) ⇒ 25810 × 24/89 ⇒ 290 × 24 ⇒ Rs. 6960 ∴ The share of teena is Rs. 6960.