Multiple choice

Three persons Amit, Bikas and Chandan invest in a business Rs. 30000, Rs. 40000 and Rs. 20000 respectively. After eight months Amit invests Rs. 5000 more while Bikas withdraws Rs. 10000. At the end of year find the share of Chandan in the profit of Rs. 26500.

  1. Rs. 6500

  2. Rs. 8500

  3. Rs. 6000

  4. Rs. 4950

  5. None of these

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Calculate profit-sharing ratios using investment × time. Amit: 30000×8 + 35000×4 = 380000. Bikas: 40000×8 + 30000×4 = 440000. Chandan: 20000×12 = 240000. Total ratio sum = 1060000. Chandan's share = (240000/1060000) × 26500 = 12/53 × 26500 = 6000.