Raman and Sanjay started a business by investing ₹63000 and ₹42000 respectively. If the total profit at the end of year is ₹9000, then what is the share of Raman?
Answer & explanation
Correct answer: option 1
As we know,
Investment ratio is = the Profit ratio
The ratio of investment of Raman to Sanjay = 63000 : 42000
= 3 :2
The ratio of their profit is also 3 : 2
The profit share of Raman = 9000 × \(\frac{3}{5}\)
The profit share of Raman = Rs. 5400