Partnership Practice Test 1

Question : 31 of 40

Marks: +1, -0

A, B and C enter into a partnership. ‘A’ invests some money at the beginning. ‘B’ invests double the amount invested by ‘A’ after 6 months and ‘C’ invests thrice the amount invested by ‘A’ after 8 months. The annual profit earned by them is Rs 27,000. What is C’s share in the amount?

Rs 9,000
Rs 7,000
Rs 4,500
Other than those given as options

Validate

Solution:

\table ,A,B, C;\Investment, x ,2x ,3x;\Duration \in \months ,12, 6, 4

Ratio of amounts of A, B and C = 12x : 12x : 12x = 1 : 1 : 1
Total profit = Rs 27,000
Share of C =

1/3× 27,000

= Rs 9,000

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