A and B starts a business. A invests 30% of the total and B invests the remaining . If the total profit at the end of the year is Rs.8600, then find the share of B.
Answer & explanation
Correct answer: option 2
30% = \(\frac{3}{10}\)
A : B
Inv. : 3 : 7
Profit : 3 : 7 = 10R
*If time is same then investment ratio becomes profit ratio*
ATQ,
⇒ 10R = 8600
⇒ 1R = 860
B's profit = 7R = 7 × 860 = 6020