Correct Answer - Option 1 : 48000
Given:
Two persons A and B started a business with investments of Rs.24000 and Rs.28000 respectively. After 4 months C also joined them with certain investment. At the end of the year, total profit
was Rs. 19,950. C's share in profit was Rs.7600.
Calculation:
Total investment of A = Rs.24000 × 12
⇒ 288000
Total investment of B = Rs.28000 × 12
⇒ 336000
Let the investment of C be Rs. x
Total investment of C = Rs. x × 8
Ratio of profit (A + B + C) : C = 19950 : 7600
⇒ 21 : 8
According to question,
(288000 + 336000 + 8x)/8x = 21/8
⇒ x = 48000
∴ The investment of C in the business is Rs. 48000