Partnership Practice Test 3

Question : 29 of 40

Marks: +1, -0

A, B and C started a jewellery shop by investing Rs 3,15,000, Rs 3,50,000, Rs 3,85,000, respectively. Find out the share of each from the total annual profit of Rs 2,85,000.

Rs 85,500, 95,000, 1,04,500
Rs 8,572, 9,582, 10,452
Rs 80,000, 90,000, 10,000
Rs 8,500, 9,500, 1,100
None of these

Validate

Solution:

Ratio of investment = 3,15,000 : 35,000 : 3,85,000 = 9 : 10 : 11
∴ A’s share = Rs

9/30× 2,85,000

= Rs 85,500
∴ B’s share = Rs

10/30× 2,85,000

= Rs 95,000
∴ C’s share = Rs

11/30× 2,85,000

= Rs 1,04,500

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