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 Simrans share in the profit?
Rs. 9,423
Rs. 10,250
Rs. 12,500
Rs. 10,500
Explanation:
Simran : Nanda = $\left(50000 \times 36\right)$ : $\left(80000 \times 30\right)$ = 3 : 4.
Simran's share = Rs.$\left(24500\times\dfrac{3}{7}\right)$ = Rs. 10,500