Question

Sujal and Mnadeep invested Rs. 65,000 and Rs. 75,000 in a business. Profit earned during the year is Rs. 56,000. Find the profit share of Mandeep.
1. Rs. 10,000
2. Rs. 11,000
3. Rs. 15,000
4. Rs. 30,000

Answer 1

Correct Answer - Option 4 : Rs. 30,000

Given:

Sujal’s capital = Rs. 65,000; Mandeep’s capital = Rs. 75,000

Profit = Rs. 56,000

Calculation:

Ratio of profit = 65,000 ⦂ 75,000

⇒ 13 : 15

Mandeep’s share of profit = (15/28) × 56,000

⇒ Rs. 30,000