Rekha invested Rs. 8000 in a business. After 8 months, Maya invested Rs. 6000 in the same business. At the end of the second year, Rekha received Rs. 2000 as her share of profit, how much money did Maya received as his share of the profit?
1). Rs. 2500
2). Rs. 500
3). Rs. 1000
4). Rs. 1500
Rekha’s investment = Rs. 8000 for 24 months
Maya’s investment = Rs. 6000 for (24 – 8) = 16 months
Hence, at the end of second year,
(Rekha’s share of profit) ? (Maya’s share of profit) = (8000 × 24) ? (6000 × 16)
⇒ 2000 ? (Maya’s share of profit) = 2
⇒ Maya’s share of profit = 2000/2 = Rs. 1000
∴ At the end of second year, Maya received Rs. 1000 as her share of profit