Correct Answer - Option 1 : Rs. 240
Given:
Roshan contributes Rs. 2000 for 6 months
Akash contributes Rs. 1000 for 5 months
The total profit be Rs. 340
Formula used:
Profit =(holding time) × investment
Calculation:
Ratio of profit sharing among Roshan and Akash Roshan = Ratio of capital of Roshan and Akash for 1 month = 2000 × 6 ∶ 1000 × 5
= 12 ∶ 5
Let the profit sharing of Roshan and Akash be 12x and 5 x.
Total profit = 12x + 5x = 17x
∴ 17x = 340
⇒ x = 20
So, Roshan’s share of profit = 12x = 12 × 20 = Rs. 240
∴ Roshan 's share of profit is Rs. 240.