Question

Sumant started a business investing Rs 48,000. After 6 months Maurya joined him with a capital of Rs 56,000. At the end of the year the total profit was Rs 24,529. What is the difference between the share of profits of Sumant and Maurya?

• A. Rs 6,455
• B. Rs 7,775
• C. Rs 5,545
• D. Rs 4,875
• E. None of these

Answer 1

Answer: (E)

None of these

Answer 2

Sumant = 1248000
Maurya = 656000
Sumant: Maurya = 12:7
Share of profit of Sumant = 12/19 * 24529 = 12 * 1291 = Rs 15492
Share of profit of Maurya = Rs 9037
Difference between the share of profit of Sumant and Maurya
=15492 - 9037 = Rs 6455.
The Correct option is(E)