Partnership Practice Test 1

Question : 13 of 40

Marks: +1, -0

Mahesh, Suresh and Bhavesh started a business by investing Rs 2,30,000, Rs 2,50,000 and 3,00,000 respectively. Find the share of each when their annual profit is Rs 93,600.

Rs 27,600, Rs 30,000, Rs 36,000
Rs 2,700, Rs 3,000, Rs 3,600
Rs 1,200, Rs 1,800
None of these
Cannot be determined

Validate

Solution:

Ratio of shares of Mahesh, Suresh and Bhavesh = Ratio of their investments
⇒ 2,30,000 : 2,50,000 : 3,00,000 = 23 : 25 : 30
∴ A’s share = Rs

93,600 ×23/78

= Rs 27,600
B’s share = Rs

93,600 × 25/78

= Rs 30,000
C’s share = Rs

93,600 ×30/78

= Rs 36,000

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