Q11 of 27 Page 202

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 Shrikant and Soiffuddin have withdrawn that money in the ratio of their capitals.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:



= ₹15818



= ₹19772



= ₹3559


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