Partnership Practice Test 1

Question : 3 of 40

Marks: +1, -0

Amar, Shubham and Shivam enter into a business. Amar invests some amount at the beginning. Shubham invests double the amount after six months and Shivam invests thrice the amount after 8 months. They earn a profit of Rs. 45,000 at the end of the year. What is Shivam's share in the profit?

Rs. 9000
Rs. 12,000
Rs. 15,000
Rs. 25,000

Validate

Solution:

Ratio of capitals of Amar, Shubham and Shivam = (1 × 12) : (2 × 6) : (3 × 4) = 1 : 1 : 1
Hence, Shivam's profit =

1/3× 45000

= Rs. 15000

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