Partnership Practice Test 3

Question : 27 of 40

Marks: +1, -0

A, B and C started a business in partnership. A invested Rs. 4000 for 8 months and Rs. 6000 for 4 months. B invested Rs. 3000 for 6 months and Rs. 5000 for next 6 months of the year while C invested Rs. 3000 for whole of the year. If at the end of year, total profit is Rs. 7000, what will be the shares of A, B and C in the profit?

Rs. 2800, Rs. 2400, Rs. 1800
Rs. 2500, Rs. 2600, Rs. 1900
Rs. 2600, Rs. 2500, Rs. 1900
Rs. 2000, Rs. 2700, Rs. 2300

Validate

Solution:

Ratio of their capitals
= (4000 × 8 + 6000 × 4) : (3000 × 6 + 5000 × 6) : (3000 × 12)
= 56000 : 48000 : 36000 = 14 : 12 : 9
Sum of proportionals = 14 + 12 + 9 = 35
Share of A in the profit =

14/35 × 7000

= Rs 2800
Share of B in the profit =

12/35 × 7000

= Rs. 2400
Share of C in the profit =

9/35 × 7000

= Rs. 1800

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