Simran started a software business by investing Rs. 50,000. After six months, Nanda joined her with a capital of Rs. 80,000. After 3 years, they earned a profit of Rs. 24,500. What was Simran’s share in the profit?
📊 Let’s Calculate Simran’s Share of the Profit! 💰
Step 1: Calculate the total investment by Simran and Nanda
Simran invested Rs. 50,000 for 3 years.
Nanda invested Rs. 80,000 for 2.5 years (since she joined after 6 months).
Step 2: Calculate the ratio of their investments
Simran’s investment = 50,000 × 3 = 150,000
Nanda’s investment = 80,000 × 2.5 = 200,000
Ratio of their investments = 150,000 : 200,000 = 3 : 4
Step 3: Calculate Simran’s share of the profit
Total profit = Rs. 24,500
Simran’s share = (3/7) × 24,500
= 3 × 3,500
= 10,500
The final answer is: Simran’s share of the profit is Rs. 10,500. 💸
