Partnership Practice Test 4

Question : 16 of 26

Marks: +1, -0

Three partners invested Rs. 2000, Rs. 2500 and Rs. 1000 respectively in a business. What will be the share of the third partner in a profit of Rs. 880?

Rs. 160
Rs. 180
Rs. 350
Rs. 400

Validate

Solution:

Ratio of their capitals = 2000 : 2500 : 1000 = 4 : 5 : 2
Hence, profit of third partner =

2/11 × 880

= Rs. 160

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