Ajay started a business investing ₹ 25000. After 3 months, Vijay joined him with a capital of ₹ 30000. At the end of the year, they made a profit of ₹ 38000. What will be the Ajay's share in the profit?
Correct Answer: ₹ 20000
Explanation:
Ajay's share : Vijay's share
= 25000 x 12 : 30000 x (12 - 3)
= 25 x 12 : 30 x 9 = 10 : 9
Ajay's share = 10/(10 + 9) x 38000
= 10/19 x 38000
= 10 x 2000 = ₹ 20000
