Partnership Practice Test 2

Question : 31 of 40

Marks: +1, -0

C and D entered into a partnership investing Rs 15,000 and Rs 18,000 respectively. After 4 months, C withdrew Rs 5,000 while D invested Rs 5,000 more. After 4 months, E joined the business with a capital of Rs 20,000. What is the total share of D and E in the total annual profit of Rs 1,635 after one year?

Rs 1,090
Rs 1,110
Rs 1,200
Rs 1,250
Rs 1,300

Validate

Solution:

Ratio of investments
= (15,000 × 4 + 10,000 × 8) : (18,000 × 4 + 23,000 × 8) : (20,000 × 4)
= 1,40,000 : 2,56,000 : 40,000
= 35 : 64 : 10
∴ Share of D and E =

74/109× 1,635

= Rs 1,110

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