Partnership Practice Test 1

Question : 1 of 40

Marks: +1, -0

Gopal started a business with an investment of Rs. 1,20,000. After three months Madhava joined him with Rs. 1,90,000. At the end of the year they earned a profit of Rs. 1,75,000. What is the share of Madhava in the profit?

Rs. 80,000
Rs. 85,000
Rs. 90,000
Rs, 95,000

Validate

Solution:

Ratio of the capitals of Gopal and Madhava = (1,20,000 × 12) : (1,90,000 × 9) = 16 : 19
Hence, Madhava's profit =

19/35 ×1,75,000

= Rs. 95,000

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