Question
A, B and C invested in partnership. A invest Rs.8000 for
5 months, B invests Rs.5000 for 3 months and C invests Rs.10000 for 2 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.7500.Solution
Ratio of profit share of A, B and C = 8000 x 5 + 5000 x 3 + 10000 x 2 = 8:3:4 Profit share of C out of total profit = [7500 x (5/100)] + [7500 x (95/100) x (4/15)] = Rs.2275
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