Partnership Practice Test 3

Question : 40 of 40

Marks: +1, -0

Kanta, Kamla and Kirti invested Rs 10,000, Rs 12,500 and Rs 15,000 respectively in a business. At the end of the year, there was a loss of Rs 3,500. What was Kirti’s part of loss?

Rs 1,000
Rs 1,400
Rs 1,200
Rs 1,600
Rs 1,500

Validate

Solution:

Ratio of their investments = 10,000 : 1,25,000 : 15,000
= 4 : 5 : 6
∴ Kirti’s loss = Rs

6/15 × 3,500

= Rs 1,400

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