Question
A, B and C invested in partnership. A invest Rs.12000
for 5 months, B invests Rs.8000 for 3 months and C invests Rs.15000 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.8200.Solution
Ratio of profit share of A, B and C = 12000 x 5 + 8000 x 3 + 15000 x 2 = 10:4:5 Profit share of C out of total profit = [8200 x (5/100)] + [8200 x (95/100) x (5/19)] = Rs.2460
Statements: L < E; M = O; E >K ≥ M
Conclusions:
I. L < M
II. K = O
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