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?

Rs. 8000
Rs. 4000
Rs. 12000
Rs. 10000

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

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