Multiple choice

Rohit started a business with Rs. 120000. After 3 months, Sumit joined the business with Rs. 190000. At the end of year the profit is Rs. 1750000. What is the share of Sumit ?

  1. Rs. 800000

  2. Rs. 850000

  3. Rs. 900000

  4. Rs. 950000

  5. None of these
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Rohit's investment: Rs. 120000 for 12 months = 120000 × 12 = 1440000. Sumit's investment: Rs. 190000 for 9 months = 190000 × 9 = 1710000. Profit ratio = 1440000 : 1710000 = 16 : 19. Total profit = Rs. 1750000. Sumit's share = (19/35) × 1750000 = Rs. 950000.

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