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A starts business with $ 3500/- and after 5 months, B joins with A as his partner. After a year, the profit is divided in the ratio 2 : 3. What is B’s contribution in the capital?
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- $ 8000/-
- $ 8500/-
- $ 9000/-
- $ 7500/-
Correct Option: C
As per the given question ,
A’s investment of $ 3500 is for 12 months
Let B’s investment be p for 7 months only.
At the end of the year the profit is divided in the ratio 2 : 3 and it must be equal to the ratio of the product, (Amount × time)
Here , T1 = 12 months , A1 = $ 3500 , T2 = 7 months , A2 = $ p
= Ratio of Profit | |
T2 × A2 |
⇒ | = | 7p | 3 |
⇒ p = | × | 7 | 2 |
or p = 9000
∴ B’s investment is $ 9000.