Geeta started a business investing Rs. 45,000. After 8 months, Meenu joined her with a capital of Rs. 52,000. At the end of the year the total profit was Rs. 56,165. What is the approximate share of profit of Meenu?
-
Rs. 11,450
-
Rs. 14,440
-
Rs. 27,635
-
Rs. 31,765
-
Rs. 15,618
E
Correct answer
Explanation
Geeta invested for 12 months, Meenu for 4 months (joined after 8 months). Ratio of investments × time: Geeta = 45000×12 = 540000, Meenu = 52000×4 = 208000. Ratio = 540000:208000 = 135:52. Meenu's share = (52/187) × 56165 ≈ 0.278 × 56165 ≈ 15618. Option E is correct.