Partnership Practice Test 1

Question : 14 of 40

Marks: +1, -0

Mayank started a business investing Rs 8,200 in 2012. In 2013, he invested an additional amount of Rs 5,000 and Pushkar joined him with an amount of Rs 7,500. In the beginning of 2014, Mayank invested another additional amount of Rs 7,000 and Dhruv joined them with an amount of Rs 9,500 and Pushkar withdrew all his investment. What will be Pushkar’s share in the profit of Rs 52,740 earned at the end of 3 years from the start of the business?

Rs 5,200
Rs 5,800
Rs 6,500
Rs 6,750
Rs 450

Validate

Solution:

Ratio of investments
= [(8,200 × 12) + 13,200 × 12 + 20,200 × 12] : (7,500 × 12) : (9,500 × 12)
= 4,99,200 : 90,000 : 1,14,000 = 416 : 75 : 95
∴ Pushkar’s share

=75/586×52,740=\Rs 6,750

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