A, B and C jointly thought of engaging themselves in a business venture. It was agreed that A would invest ₹6,500 for 6 months, B ₹8,400 for 5 months ...

Question

A, B and C jointly thought of engaging themselves in a business venture. It was agreed that A would invest ₹6,500 for 6 months, B ₹8,400 for 5 months and C ₹10,000 for 3 months. A wants to be the working member for which, he was to receive 5% of the profits. The profit earned was ₹7,400. What is the share of B in the profit?

Options

A.

₹1,900

B.

₹2,660

C.

₹2,800

D.

₹2,840

investmentprofit sharingratiobusinesspartnership

Solve This Question

Get instant feedback with detailed step-by-step solution

Start Solving →