Partnership Practice Test 3

Question : 20 of 40

Marks: +1, -0

Kamlesh and Sagar started a business by investing Rs 4,000 and 1,600 respectively. If at the end of the year, Kamlesh earned a profit of Rs 1,080, then the total profit was:

Rs 1,300
Rs 1,450
Rs 1,512
Rs 1,300
Rs 1,500

Validate

Solution:

Ratio of investment = 4,000 : 1,600 = 5 : 2
Let the total profit be Rs x.

∴ 5/7x= 1,080

x = 1,512

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