Partnership Practice Test 3

Question : 7 of 40

Marks: +1, -0

Ashok started a business investing Rs. 50,000. After one year he invested another Rs. 30,000 and Anil also joined him with a capital of Rs. 70,000. If the profit earned in three years from the starting business was Rs. 87,500, then find the share of Anil in the profit.

35,000
Rs. 32,500
Rs. 37,500
Rs. 38,281

Validate

Solution:

Ratio of their capitals = (50000 × 12 + 80000 × 24) : (70000 × 24) = 3 : 2
Hence, Anil's profit =

2/5 × 87500

= Rs. 35000

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