Pramod started a business with Rs. 40000. After 4 months Vikas also joined him with Rs. 60000. If at the end of the year, the profit is Rs. 16000, what is the share of Vikas in the profit?
Correct Answer: Rs. 8000
Explanation:
Ratio between the investment of Pramod and Vikas = 40000 x 12 : 60000 x 8
= 480000 : 480000 = 1 : 1
Total profit = Rs. 16000
share of Vikas in profit = 16000/2 = Rs. 8,000
