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N invested Rs. 20, 000 in a business , S...

N invested Rs. 20, 000 in a business , Six months later, C joined him with Rs. 10,000 At the end of the year , the profit was Rs. 10,000 what should be the share of N ?
A. 2,000
B. 4,000
C. 6,000
D. 8,000

A

C

B

B

C

A

D

D

Text Solution

AI Generated Solution

The correct Answer is:
To find N's share of the profit, we can follow these steps: ### Step 1: Determine the Investment and Time for Each Partner - N invested Rs. 20,000 for the entire year (12 months). - C invested Rs. 10,000 but joined 6 months later, so he invested for only 6 months. ### Step 2: Calculate the Capital Contribution in Terms of Months - N's contribution in terms of capital months = Investment × Time = 20,000 × 12 = 240,000. - C's contribution in terms of capital months = Investment × Time = 10,000 × 6 = 60,000. ### Step 3: Find the Ratio of Their Contributions - The ratio of N's contribution to C's contribution is: \[ \text{Ratio of N to C} = \frac{240,000}{60,000} = \frac{4}{1} \] ### Step 4: Calculate Total Parts in the Profit Sharing - Total parts = 4 (for N) + 1 (for C) = 5 parts. ### Step 5: Calculate N's Share of the Profit - Total profit = Rs. 10,000. - N's share = (N's parts / Total parts) × Total profit \[ \text{N's share} = \left(\frac{4}{5}\right) \times 10,000 = 8,000. \] ### Conclusion N's share of the profit is Rs. 8,000. ---
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