📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    ‘A’ started a business with the investment of Rs.

    20000. After ‘x’ months and after 6 months from starting ‘B’ and ‘C’, respectively, joined the business with the investments of Rs. 40000 and Rs. 20000, respectively. If at the end of the year, the profit share of ‘A’ and ‘B’ is equal then find the value of ‘x’.
    A 7 Correct Answer Incorrect Answer
    B 5 Correct Answer Incorrect Answer
    C 4 Correct Answer Incorrect Answer
    D 6 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Profit share ratio of ‘A’, ‘B’ and ‘C’ = (20000 × 12):[40000 × (12 – x)]:(20000 × 6) = 6:(12 – x):3 Given, the profit share ratio of ‘A’ and ‘B’is equal. So, 6:(12 – x) = 1:1 6 = (12 – x) x = 12 – 6 = 6 So, the value of x = 6

    Practice Next
    More Partnership Questions
    ask-question