Kamal started a business investing Rs. 9000. After five months, Sameer joined with a capital of Rs. 8000. If at the end of the year, they earn a profit of Rs. 6970, then what will be the share of Sameer in the profit?
Now as per question, Kamal invested for 12 months and Sameer invested for 7 months.
So, Kamal:Sameer=(9000×12​):(8000×7​)
=108.56=27:14
Sameer ratio in profit will be =6970×4114​=Rs.2380
Now as per question, Kamal invested for 12 months and Sameer invested for 7 months.
So, Kamal:Sameer=(9000×12​):(8000×7​)
=108.56=27:14
Sameer ratio in profit will be =6970×4114​=Rs.2380