Partnership Practice Test 2

Question : 6 of 40

Marks: +1, -0

Three partners A, B and C agree to divide the profit or loss in the ratio 1.50 : 1.75 : 2.25. If, in a particular year, they earn a profit of Rs 66,000, find the share of B.

Rs 21,000
Rs 27,000
Rs 18,000
Rs 22,000

Validate

Solution:

Ratio of profit or loss divided among A, B and C = 1.50 : 1.75 : 2.25
Total profit = Rs 66,000
Share of B

= 1.75/{1.50+1.75+2.25}× 66,000

= 20,999.99 = Rs 21,000

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