Practicing Success
Rahul and Salim entered into a partnership and earned a profit of Rs. 25,000. Salim gets a fixed profit percentage 10% for all profit earned. The remaining profit is then divided between the two partners in the ratio of their investments. What is the profit earned by Salim, if Rahul invested Rs. 20,000 for 6 months and Salim contributed Rs. 30,000 for 8 months ? |
Rs 7,500 Rs 15,000 Rs 16,666 Rs 17,500 |
Rs 17,500 |