Multiple choice

Shekhar started a business investing Rs. 25,000 in 1999. In 2000, he invested an additional amount of rs. 10,000 and Rajeev joined with him with an amount of Rs. 35,000. In 2001, Shekhar invested another additional amount of Rs. 10,000 and jatin joint them with an amount of rs. 35,000. That will be Rajeev's share in the profit of Rs. 1,50,000 earned at the end of 3 years from the start of the business in 1999.

  1. Rs. 45,000

  2. Rs. 50,000

  3. Rs. 70,000

  4. Rs. 75,000
Reveal answer Fill a bubble to check yourself
B Correct answer
AI explanation

By the principle of partnership, profit is shared in the ratio of the product of investment and time. Shekhar's total investment over 3 years is (25000 x 1) + (35000 x 1) + (45000 x 1) = 105000 for 1 year each, giving a product of 315000. Rajeev invested 35000 for 2 years, giving a product of 70000, and Jatin invested 35000 for 1 year, giving a product of 35000. The ratio of their profits is 315000 : 70000 : 35000, which simplifies to 9 : 2 : 1, making the total 12 parts. Rajeev's share of the Rs. 1,50,000 profit is (2 / 12) x 150000 = Rs. 50,000.

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