Question
A, B and C invested in partnership. A invest Rs.8000 for
7 months, B invests Rs.6000 for 4 months and C invests Rs.12000 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.7800.Solution
Ratio of profit share of A, B and C = 8000 x 7 + 6000 x 4 + 12000 x 2 = 7:3:3 Profit share of C out of total profit = [7800 x (5/100)] + [7800 x (95/100) x (3/13)] = Rs.2100
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