Difficulty: Medium
Correct Answer: ₹330
Explanation:
Problem restatement
Capitals change once during the year. Use time-weighted capitals to split the profit.
Given data
Concept/Approach
Compute capital-months before and after the change.
Step-by-step calculation
First 3 months: A = 4k × 3 = 12k; B = 5k × 3 = 15k Next 7 months: A = 3k × 7 = 21k; B = 4k × 7 = 28k Totals: A = 12k + 21k = 33k; B = 15k + 28k = 43k Profit ratio A : B = 33 : 43 A's share = ₹760 × (33/(33+43)) = 760 × (33/76) = ₹330
Verification
760 ÷ 76 = 10; 10 × 33 = ₹330 (A), remainder ₹430 (B). 330 : 430 = 33 : 43.
Common pitfalls
Final Answer
₹330
Discussion & Comments