Kamal started a business investing Rs. 9000. After five months, sameer joined with a capital of Rs. 8000. If at the end of the year, they earn a profit of Rs. 6970, then what will be the shares of Sameer in the profit?
Correct Answer : B
A and B started a business with initial investments in the ratio 14: 15 and their annual profits were in the ratio 7: 6. If the A invested the money for 10 months, for how many months did B invest his money?
A, B and C jointly thought of engaging themselves in a business venture. It was agreed that A would invest Rs. 6500 for 6 months, B, Rs. 8400 for 5 months and C, Rs. 10, 000 for 3 months. A wants to be the working member for which he was to receive 5 % of the profits. The profit earned was Rs. 7400. Calculate the share of B in the profit.
A began a business with Rs. 85, 000. He was joined afterwards by B with Rs. 42, 500. For how much period does B join, if the profits at the end of the year are divided in the ratio of 3: 1?