Math Problem Statement

Jiya, Varun, and Sofia invested Rs18, 000, Rs 6,000 and Rs14, 000 respectively to open a business. Jiya left after four months. If after nine months, there was a gain of Rs 4480, then what will be the share of Sofia? 1,850 2,240 2,520 None of these

Solution

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Math Problem Analysis

Mathematical Concepts

Profit Sharing
Ratio
Time-weighted Investment

Formulas

Time-weighted investment = Investment × Time
Share of profit = (Individual's time-weighted investment / Total time-weighted investment) × Total Profit

Theorems

Proportional Profit Distribution Theorem

Suitable Grade Level

Grades 9-10