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

    Question

    Gopal and Henry initiated a business venture with

    investments of Rs.3200 and Rs.2400, respectively. After six months, Kirti joined the partnership with an investment of Rs.3600. Calculate Henry's share of the profit if Kirti's share of the profit at the conclusion of the first year of business amounted to Rs.1134.
    A Rs.5512 Correct Answer Incorrect Answer
    B Rs.1000 Correct Answer Incorrect Answer
    C Rs.1500 Correct Answer Incorrect Answer
    D Rs.1512 Correct Answer Incorrect Answer
    E none of these Correct Answer Incorrect Answer

    Solution

    ATQ, Respective ratio of profit share of Gopal, Henry and Kirti  = (3200 × 12):(2400 × 12):(3600 × 6) = 6400:4800:3600 = 16:12:9 Profit share of Henry =  (12/9) × 1134  = Rs.1512

    Practice Next
    More Partnership Questions
    ask-question