Partnership Practice Test 3

Question : 2 of 40

Marks: +1, -0

A started a business by investing Rs 48,000.After 3 months, B joined him with a capital of Rs 5,200. After another 6 months, C joined them with a capital of Rs 60,000. At the end of the year, they made a profit of Rs 16,830. Find A’s share.

Rs 7,900
Rs 7,500
Rs 7,920
Rs 7,200
Rs 7,000

Validate

Solution:

A invested for 12 months, B for 9 months and C for 3 months.
So, ratio of their capitals

=(48,000 × 12) : (52,000 × 9) : (60,000 × 3)

= 5,76,000 : 4,68,000 : 1,80,000
= 16 : 13 : 5
∴ A’s share = Rs

16,830×16/34

= Rs 7,920

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