Partnership Practice Test 4

Question : 18 of 26

Marks: +1, -0

Suniana and Pinky manage to make out Rs 20 lakh from a business started 2 years ago. Now they decided to divide the profit in the ratio of their investment, i.e., 7 : 5. Find the profit share of Pinky if they also have Rs 4 lakh as a reward for young entrepreneurs to their profit.

Rs 1,50,000
Rs 1,500,000
Rs 1,000,000
Rs 1,00,000
Rs 1,200,000

Validate

Solution:

Ratio of investment (7 × 2) : (5 × 2) = 14 : 10 = 7 : 5
Now, the new profit = Rs 20 lakh + 4 lakh = Rs 24 lakh
∴ Share of Pinky

=5/12×24,00,000

= Rs 1,000,000

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