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Partnership

Q1: Simran started a software business by investing Rs. 50,000. After six months, Nanda joined her with a capital of Rs. 80,000. After 3 years, they earned a profit of Rs. 24,500. What was Simran's share in the profit?

A Rs. 9,423

B Rs. 10,250

C Rs. 12,500

D Rs. 10,500

ANS:D - Rs. 10,500

Simran : Nanda = (50000 x 36) : (80000 x 30) = 3 : 4.

 Simran's share = Rs. 24500 x 3 = Rs. 10,500.
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