Partnership Practice Test 2

Question : 33 of 40

Marks: +1, -0

Kanav, Rahil and Tanisha started a business by investing Rs 50,000 each. After 4 months, Kanav withdrew Rs 5,000, Rahil invested Rs 6,000 more and Tanisha also withdrew Rs 5,000. Find Kanav’s share of profit, if at the end of the year’ they received Rs 48,841 as profit.

Rs 12,600
Rs 12,300
Rs 15,470
Rs 16,800
Rs 15,000

Validate

Solution:

Ratio of investments
= (50,000 × 4 + 45,000 × 8) : (50,000 × 4 + 56,000 × 8) : (50,000 × 4 + 45,000 × 8)
= 5,60,000 : 6,48,000 : 5,60,000
= 560 : 648 : 560
= 70 : 81 : 70
Thus, Kanav’s share

=70/221×48,841

=15,470

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