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Ramesh started a business investing a sum of Rs 40 000...

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Partnership
?

Ramesh started a business investing a sum of Rs. 40,000. Six months later, Kevin joined by investing Rs. 20,000. If they make a profit of Rs. 10,000 at the end of the year, how much is the share of Kevin?

Answer & Solution
Correct Answer: Option A
\[\begin{array}{*{20}{c}} {{\text{Ramesh}}}&{}&{{\text{Kevin}}} \\ {40,000 \times 12}&:&{20,000 \times 6} \end{array}\]
Profit → 4 : 1
5 unit → 10,000
1 unit → 2,000
Kevin share will be Rs. 2,000
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