A and B invested in a scheme in the ratio of 2 : 3. If at the end of the year, the total profit was Rs.4500 out of which, A takes Rs.1500 as an active partner. The remaining profit was distributed between them according to investment. Find the share of A.
Answer & explanation
Correct answer: option 1
Total profit = 4500
Extra taken by A = 1500
Remaining profit = 4500 - 1500 = 3000
*If time is same then investment ratio becomes profit ratio*
A : B
Profit: 2 : 3 = 5R
⇒ 5R = 3000
⇒ 1R = 600
A's Profit = 2R = 2 × 600 = 1200
A' s total profit = 1200 + 1500 = 2700