A and B started a business by investing Rs. 18,500 and Rs. 22,500 respectively. If B's share in the profit earned by them is Rs. 900, then what is the total profit ?
Answer & explanation
Correct answer: option 4
Profit Ratio = Investment ratio × Time ratio
A B
Investment 18500 22500
37 : 45
Time ratio 1 : 1
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Profit 37 : 45
According to question,
45R = 900
1R = 20
So, Total profit = 82R
= 82×20
= 1640
The correct answer is Option (4) → Rs. 1640