Sohan started a business with a capital of Rs. 80000. After 6 months Mohan joined as a partner by investing Rs. 65000. After one year they earned total profit Rs. 20000. What is share of Sohan in the profit?
Answer & explanation
Correct answer: option 2
In a partnership, the profit is shared in the ratio of Capital $\times$ Time.
Step 1: Calculate capital $\times$ time
- Sohan: ₹80,000 for 12 months
$80000 \times 12 = 960000$
- Mohan: Joined after 6 months, so invested ₹65,000 for 6 months
$65000 \times 6 = 390000$
Step 2: Find the ratio
$960000 : 390000 = 32 : 13$
Step 3: Calculate Sohan's share
Total parts:
$32 + 13 = 45$
Sohan's share:
$\frac{32}{45} \times 20000 = 14222.22$