Kamal started a business investing Rs 9000. After five months, Sameer joined with a capital of Rs 8000. If at the end of the year, they earn a profit of Rs. 6970, then what will be the share of Sameer in the profit?
Answer with explanationAnswer: Option C
Now as per question, Kamal invested for 12 months and Sameer invested for 7 months.
Kamal:Sameer = (9000*12):(8000*7)
Sameer Ratio in profit will be