Partnership Practice Test 4

Question : 21 of 26

Marks: +1, -0

A, B and C enter into business partnership. It was agreed that A would invest Rs. 6500 for 6 months, B Rs. 8400 for 5 months and C Rs. 10,000 for 3 months. A wants to be the working member for which he was to receive 5% of the profit. The profit earned was Rs. 7400. What is the share of B in this profit?

Rs. 2840
Rs. 2800
Rs. 2660
Rs. 1900

Validate

Solution:

Share of A for extra work

= 5/ 100 × 7400

= Rs. 370
Rest of profit = 7400 – 370 = Rs. 7030
Ratio of their capitals
= (6500 × 6) : (8400 × 5) : (10000 × 3)
= 13 : 14 : 10
Hence, B's profit =

14/ 37 × 7030

= Rs. 2660

Go to Question:

Prev Question

Next Question