'A' and 'B' entered a joint venture. 'A' brought Rs. 1,50,000 and 'B' Rs. 2,00,000. 'A' also contributed skilled labor equivalent to Rs. 50,000. At the end of the year, they earned Rs. 1,20,000 in profit. If they agreed to divide the profit in proportion to their effective contributions, what was A's share?
Rs. 60,000
A's capital contribution is Rs. 1,50,000 plus skilled labor valued at Rs. 50,000, giving A an effective contribution of \(150000 + 50000 = 200000\).
B's contribution is Rs. 2,00,000.
The ratio of effective contributions is \(A:B = 200000:200000 = 1:1\).
The total profit of Rs. 1,20,000 is divided equally, so A's share is \(\frac{1}{2} \times 120000 = 60000\).
Hence, the answer is Rs. 60,000.
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