Partnership Practice Test 3

Question : 17 of 40

Marks: +1, -0

A and B received Rs 12,000 as a profit out of a business started by them 1 year ago. They decided to divide their profit in the ratio 3 : 4. But due to a fine imposed by the government on usage of plastic bags, they had to deduct Rs 1,500 from their profit. Find A’s share.

Rs 4,500
Rs 3,400
Rs 3,500
Rs 2,600
Rs 8,200

Validate

Solution:

Ratio of profit = 3 : 4
Total profit = Rs (12,000 - 1,500) = Rs 10,500
Thus, A’s share = Rs

3 /7×10,500

= Rs 4,500

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