Multiple choice

Karan starts a business by investing Rs. 60,000. Six months later Shirish joins him by investing Rs. 1,00,000. At the end of one year from the commencement of the business, they earn a profit of Rs. 151800. What is Shirish's share in the profit?

  1. 65000

  2. 69000

  3. 70000

  4. 71000

  5. 75000
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Profit is shared in proportion to investment × time. Karan invested Rs. 60,000 for 12 months = 720,000. Shirish invested Rs. 1,00,000 for 6 months = 600,000. Total ratio = 1,320,000. Shirish's share = (600,000/1,320,000) × 151,800 = (5/11) × 151,800 = 69,000.

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