AP ICET 2017 Shift 2 Paper

Question : 95 of 200

Marks: +1, -0

A and B started a business with investments of Rs 24000/- and Rs 30000/- respectively. After 6 months A withdraws Rs 4000/-. In the year end profit of Rs 1.04 lakhs the share of A (in lakhs of rupees) is

0.33
0.43
0.44
0.48

Validate

Solution:

Equivalent capital of A

=24000×6+20000×6=2,64,000

Equivalent capital of B

=30000×12=3,60,000

Profit is distributed in the ratio of equivalent capitals

264/360=11/15

∴ A's share in total annual profit

=11/{11+15}×1.04

={11.44}/26=₹0.44

lakhs

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