Question : Nihit started a business with INR 700. After 5 months Amit and Patel joined him with INR 300 and INR 400 respectively. At the end of the year, the business made a profit of INR 627. Find the share of Patel in the profit.
Option 1: INR 127
Option 2: INR 145
Option 3: INR 132
Option 4: INR 156
Correct Answer: INR 132
Solution :
Profit for Nihit = 12 × 700 = 8400 units
Profit for Amit = 7 × 300 = 2100 units
Profit for Patel = 7 × 400 = 2800 units
Ratio of their profits = $84 : 21 : 28 = 12 : 3 : 4$
Patel's profit = $\frac{4}{12+3+4}$ × 627 = INR 132
Hence, the correct answer is INR 132.
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