Srikant and Soiffuddin invested ₹240000 and ₹30,0000 respectively at the beginning of the year to purchase a mini bus to run it on a route. After 4 months, their friend Peter joined them with a capital of ₹81000. Shrikant and Soiffuddin have withdrawn that money in the ratio of their capitals. Let us write by calculating the share of each if they make a profit of ₹39150 at the end of the year.
Srikant’s investment = ₹240000×12 for a year
= ₹2880000
Soiffuddin’s investment = ₹300000×12 for a year
= ₹3600000
Peter’s investment = ₹81000×8, as he joined after 4 months.
= ₹648000
Ratio of capitals of Srikant, Soiffuddin and Peter respectively = 2880000 : 3600000 : 648000
= 40:50:9
Total profit = ₹39150
Hence, their shares of profit in ratio of their capitals are:
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= ₹15818
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= ₹19772
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= ₹3559
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