Question
Seeta, Geeta and Reeta invested Rs. 8000, Rs. 10000 and Rs. 12000 respectively. Partnership condition is that, each will get interest on his capital at the rate of 15% per annum and the remaining profit will be divided in the ratio of their capitals. If at the end of the year the total profit is Rs. 5925, then find the share of Reeta on profit?
According to the question, (4+5+6) units = 1425 15 units = 1425 1 unit = 95 Share of Reeta in remaining profit = 95 × 6 = 570 Total share of Reeta = 570+1800 = 2370More Partnership Questions
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