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?
Q1. 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?
Answer: Rs. 2380
Explanation: Investment-month ratio: Kamal = 9000×12 = 108000, Sameer = 8000×7 = 56000 (ratio 27:14); Sameer's share = 14/41 × 6970 = Rs. 2380.