Partnership Practice Test 2

Question : 11 of 40

Marks: +1, -0

Ram started a business with an investment of Rs. 50,000. After 4 months Shyam joined with an investment of Rs. 80,000. If in one year the profit is Rs. 62,000, what amount Shyam would get as profit?

Rs. 11000
Rs. 14000
Rs. 16000
Rs. 32000

Validate

Solution:

Ratio of their capitals = (50,000 × 12) : (80,000 × 8) = 15 : 16
Hence, Shyam's profit =

16/31 × 62,000

= Rs. 32000

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