Two persons took shares in a rice mill. The rst brought in ₹90,000 at the outset, and at the end of the eighth month he withdrew ₹30,000 of it, the remainder staying in the concern till the close of…

Question

Two persons took shares in a rice mill. The rst brought in ₹90,000 at the outset, and at the end of the eighth month he withdrew ₹30,000 of it, the remainder staying in the concern till the close of the year. The second joined the concern three months after it was set up, bringing in ₹1,20,000, which stayed in it till the close of the year. The pro t of the year came to ₹1,53,000, and the two agreed to divide it in proportion to the money each had brought in and the time for which it had remained. What is the share of the second of the two in the pro t of the year?

Testwala · Accepted Answer

₹81,000

Answer: D. ₹81,000