Calculate the share of profit that belongs to Elvis in a partnership business he invested Rs 21,500. His partner Daryl invested RS.28,900 and the business made a profit of Rs 12,500.
Choose the most appropriate option: A) 5311.34 B) 5332.34 C) 2132.34 D) 5092.34 E) 1332.34
Explanation:   Ratio of their shares = 21,500 : 28,900 = 215 : 289.   Elvis' share = Rs. (12,500 * 215/504) = Rs. 5332.34.   Answer: 5332.34) 5332.34
<result>B</result>
Calculate the share of profit that belongs to Elvis in a partnership business he invested Rs 21,500. His partner Daryl invested RS.28,900 and the business made a profit of Rs 12,500.