Exams › IBPS PO › General Awareness
A and B started a business with capitals of ₹60,000 and ₹80,000 respectively. After 6 months, B left the business and C joined A with a capital of ₹1,20,000. If the profit after one year is ₹80,000, then find B’s share.
- ₹36,000
- ₹40,000
- ₹20,000
- ₹16,000
Correct answer: ₹20,000
Solution
Profit is shared in the ratio of capital × time. B’s contribution is ₹80,000 for 6 months, so its effective share is 80,000 × 6 = 4,80,000. Comparing all partners’ effective investments gives B’s fraction of the total profit as 1/4, so B receives ₹20,000.
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