Alok started a business with Rs. 75000. After 3 months Chandan also joined him with Rs. 60000. If at the end of the year, the profit is Rs. 16000. What is the share of Chandan in the profit?

Rs. 6000
Rs. 10000
Rs. 8000
Rs. 4500

Correct Answer: Rs. 6000

Explanation:

Ratio between the investment of Alok and Chandan
= (75000 x 12) : (60000 x 9)
= 900000 : 540000
= 90 : 54 = 5 : 3
Total profit = Rs. 16000
∴ Chandan's share = [3/(5 + 3)] x 16000
= Rs. 6000

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