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A, b and c jointly thought of engaging themselves in a business venture. it was agreed that a would invest rs. 6500 for 6 months, b, rs. 8400 for 5 months and c, rs. 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 rs. 7400. calculate the share of b in the profit.

a.rs.1900
b.rs.2660
c.rs.2800
d.rs.2840

User Sponce
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1 Answer

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Final answer:

B's share of the profit in a business venture, after accounting for A's role as a working member, is calculated based on their investment amount and period. By determining the total ratio and the value per unit, B's share turns out to be Rs. 2660.

Step-by-step explanation:

To calculate the share of B in the profit from a business venture, we need to consider the amount of money each person invested and the duration of their investment.

First, we calculate the profit share ratio, which is based on the product of the investment and the time period. Then, after accounting for A's additional compensation for being the working member, we can distribute the remaining profit according to the calculated ratio.

The profit share is calculated as follows:

  • A's investment = Rs. 6500 for 6 months = Rs. 6500 * 6 = 39000
  • B's investment = Rs. 8400 for 5 months = Rs. 8400 * 5 = 42000
  • C's investment = Rs. 10000 for 3 months = Rs. 10000 * 3 = 30000

Total investment ratio = 39000 : 42000 : 30000

A's share as working member = 5% of profits = 5/100 * Rs. 7400 = Rs. 370

Remaining profit to be shared = Rs. 7400 - Rs. 370 = Rs. 7030

Total ratio in terms of units = 39 : 42 : 30 = 111 units

Value of one unit = Rs. 7030 / 111 units

Value of one unit = Rs. 63.3333333

So, B's share in the profits = 42 units * Rs. 63.3333333 = Rs. 2660

Hence, the share of B in the profit earned is Rs. 2660.

User Ernestina
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