A and B started a business by investing Rs.18,000/- and Rs.24,000/- respectively. At the end of 4th month from the start of the business, C joins with Rs.15,000/-. At the end of 8th month B quits at which time C invests Rs.3000/- more. At the end of 10th month B rejoins with the same investment. If profit at the end of the year is Rs.12,005/-, what is B's share of profit?
Correct Answer: Description for Correct answer:
According to question
Share of A : Share of B : Share of C
= \( 18000 \times 12:24000 \times 8+24000 \times 2:15000 \times 4+18000 \times 4 \)
= 18 : 20 : 11
B's share of profit = \( \frac{20}{49} \times 12005 \) = Rs.4,900/-
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