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Q.

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?

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a

Rs.14,000 

b

Rs.10,250

c

Rs.9423 

d

Rs.10,500 

answer is C.

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Detailed Solution

The share of Simran in the business is 36·50000

The share of Nanda in the business is 30·80000

Hence, their shares ratio is 365:308=3:4

Given that the profit is 24500

Hence the Simran's Share in the profit is 3724500=10500

Therefore, the Simran's profit share is Rs 10,500

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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?