Abhay and Bhawna invested Rs. 30,000 and Rs. 28,000 respectively in a

1.	Abhay and Bhawna invested Rs. 30,000 and Rs. 28,000 respectively in a business. Abhay left the business with his money after 8 months. What is the share of Abhay in the profit at the end of the first year if they earned a profit of Rs. 84,000?1. Rs. 37,0002. Rs. 35,0003. Rs. 42,0004. Rs. 38,000
Answer» Correct Answer - Option 2 : Rs. 35,000 Given: Abhay's investment = Rs. 30,000 Bhawna's investment = Rs. 28,000 Total profit = Rs. 84,000 Concept used: Divide the total profit according to investment ratio. Calculations: The total investment of Abhay in 8 months = 30000 × 8 The total investment of Bhawna in 4 months = 28000 × 12 The ratio of equivalent capitals of Abhay and Bhawna = (30000 × 8) ∶ (28000 × 12) = 5 ∶ 7 Thus Abhay’s share = 84000 × (5/12) = Rs. 35,000 ∴ The share of Abhay is Rs. 35,000.

Abhay and Bhawna invested Rs. 30,000 and Rs. 28,000 respectively in a business. Abhay left the business with his money after 8 months. What is the share of Abhay in the profit at the end of the first year if they earned a profit of Rs. 84,000?1. Rs. 37,0002. Rs. 35,0003. Rs. 42,0004. Rs. 38,000

Answer» Correct Answer - Option 2 : Rs. 35,000

Given:

Abhay's investment = Rs. 30,000

Bhawna's investment = Rs. 28,000

Total profit = Rs. 84,000

Concept used:

Divide the total profit according to investment ratio.

Calculations:

The total investment of Abhay in 8 months = 30000 × 8

The total investment of Bhawna in 4 months = 28000 × 12

The ratio of equivalent capitals of Abhay and Bhawna = (30000 × 8) ∶ (28000 × 12) = 5 ∶ 7

Thus Abhay’s share = 84000 × (5/12) = Rs. 35,000

∴ The share of Abhay is Rs. 35,000.

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