Partnerships Questions
Question
Simran started a software business by investing Rs.50,000. After six months, Nanda joined her with a capital of Rs.80,000. After 3 years, they earned a profit of Rs.24,500. What was Simran's share in the profit?
Solution
Ans.5
Simran : Nanda = [5000 x 36] : [80000 x 3] = 3 : 4
Simran’s share = Rs. [24500 ×3/7 ]