1.

Prince started a business investing Rs 30,000. After 8 months Nitish joined with a capital of Rs 45,000. At the end of the year the total profit earned was Rs 90,000. What is the share of Nitish ?

Answer»

Rs 30,000



Ratio of their shared in the profit= 30000 X 1: 45000 x 4/12 = 2:1
Share of Nitish in the profit is = 1/3 x 90, 000 = Rs 30, 000



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