Difficulty: Medium
Correct Answer: Rs. 7,500
Explanation:
Problem restatement
Compute profit shares via capital × time. A and B invest from the start; C enters after 6 months. The business runs for 24 months from the start.
Given data
Concept/Approach
Profit share = (partner's units) ÷ (total units) × total profit.
Step-by-step calculation
Total units = 480,000 + 360,000 + 360,000 = 1,200,000B's fraction = 360,000 ÷ 1,200,000 = 0.30B's profit = 0.30 × 25,000 = Rs. 7,500
Verification/Alternative
Shares are proportional: A : B : C = 480 : 360 : 360 = 4 : 3 : 3; total parts = 10; B gets 3⁄10 of 25,000 = 7,500.
Common pitfalls
Using 24 months for C as well (C joined after 6 months; only 18 months counted).
Final Answer
Rs. 7,500
Discussion & Comments