Mathematics · Partnership and Profit Sharing
A startup has three stakeholders. A brought 40% of the capital, and B brought the rest. C joined later and was promised 20% of the total profit for branding. The remaining profit is shared between A and B in the ratio of their initial capital. If the total profit was Rs. 2,50,000, how much was B's share?
- 1Rs. 1,10,000
- 2Rs. 90,000
- 3Rs. 1,00,000
- 4Rs. 1,20,000✓
Correct answer
Rs. 1,20,000
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