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Kamal started a business investing Rs. 9000. After five months, Sameer joined with a capital of Rs. 8000. If at the end of the year, they earn a profit of Rs. 6970, then what will be the share of Sameer in the profit?

Correct answer: B. Rs. 2380

  • A. Rs. 1883.78
  • B. Rs. 2380
  • C. Rs. 3690
  • D. Rs. 3864

Explanation

Profit is divided according to capital multiplied by the time invested. Kamal's investment-time is Rs. 9000 x 12 = Rs. 108000, while Sameer's is Rs. 8000 x 7 = Rs. 56000, giving a ratio of 27:14; Sameer's share is Rs. 6970 x 14/41 = Rs. 2380. The likely trap is option a, which comes from using an incorrect investment-time ratio.

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