Partnership Practice Test 2

Question : 34 of 40

Marks: +1, -0

A, B and C started a business each investing Rs 1,00,000. After 4 months, A withdrew Rs 6,000 and B invested Rs 7,000 more. C withdrew Rs 8,000. If at the end of the year, the total profit earned was Rs 66,450, then find C’s share.

Rs 20,000
Rs 21,200
Rs 21,300
Rs 21,500
Rs 22,000

Validate

Solution:

Ratio of capitals = (1,00,000 × 4 + 94,000 × 8) : (1,00,000 × 4 + 1,07,000 × 8) : (1,00,000 × 4 + 92,000 × 8)
= 1,152,000 : 1,256,000 : 1,136,000
= 144 : 157 : 142
Thus, C’s share = Rs

142/443× 66,450

= Rs 21,300

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