Partnership Practice Test 3

Question : 4 of 40

Marks: +1, -0

A, B and C entered into a partnership investing Rs. 12000, Rs. 15000 and Rs. 18000 respectively. B is also a working partner and gets 20% of the profit for his work. After 3 months A withdraws Rs. 3000, while C deposited Rs. 3000 after 6 months of the starting of business. Find the share of B in an annual profit of Rs. 36875.

Rs. 12000
Rs. 15000
Rs. 17375
Rs. 18000

Validate

Solution:

Ratio of their capitals
= (12000 × 3 + 9000 × 9) : (15000 × 12) : (18000 × 6 + 21000 × 6)
= 13 : 20 : 26
B's share for extra work =

20/100 × 36875

= Rs. 7375
Rest of profit = 36875 – 7375 = Rs. 29500
B's profit =

20/59 × 29500

= Rs. 10000
Hence, total share of B = 7375 + 10000 = Rs. 17375

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