New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    A, B and C invested in partnership. A invest Rs.8000 for

    6 months, B invests Rs.6000 for 4 months and C invests Rs.12000 for 3 months. C is working partner so he will get 5% extra of total profit. Find profit share of C if total profit at the end of the year is Rs.8100.
    A Rs.2970 Correct Answer Incorrect Answer
    B Rs.3440 Correct Answer Incorrect Answer
    C Rs.2275 Correct Answer Incorrect Answer
    D Rs.3526 Correct Answer Incorrect Answer

    Solution

    Ratio of profit share of A, B and C = 8000 x 6 : 6000 x 4 : 12000 x 3 = 4:2:3 Profit share of C out of total profit = [8100 x (5/100)] + [8100 x (95/100) x (3/9)] = Rs.2970

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