Question
'Amit' and 'Bikash' embarked on a business venture with initial investments of Rs. 20,000 and Rs. 25,000, respectively. After 3 months, 'Chims' entered the partnership by investing Rs. 15,000. In the same period, 'Amit' decided to increase his investment by 20%, while 'Bikash' opted to withdraw 20% of his initial investment. 'Amit' assumed the role of managing partner and was entitled to 40% of the total annual profit generated by the business. The remaining profit was distributed among the partners based on the ratio of their effective investments. Calculate the exact amount received by 'Amit' at the end of the year, given that the total profit amounted to Rs. 37,000.
More Partnership Questions
- Three partners ‘A’, ‘B’ and ‘C’ started a business by investing in the ratio 4:6:7 respectively and the ratio of time for which they made their investments...
- P and Q together started a business with initial investment in the ratio of 2:3, respectively. The time-period of investment for P and Q is in the ratio of...
- Akash and Bhanu started a business with initial investments of Rs. 1,200 and Rs. 2,000 respectively. After one year, Akash increased his investment by Rs. ...
- P, Q and R enter into a partnership by investing Rs.6500, Rs.7500 and Rs.6800 respectively. After 4 months, P invested Rs.1200 more and Q withdraw the whol...
- Aman, Bheem, and Chinu initiate a business with investments in the ratios of 2:5:3, respectively. After a year, both Bheem and Chinu double their additiona...
- A and B invested Rs. 25,000 and Rs. 30,000 in a shop. After 2 months, C joined with Rs. 20,000. If the profit after a year is Rs. 12,600, find B’s share of...
- A started a retail business by investing Rs.28,000. After eight months B joined him with a capital of Rs.54,000. After 2 years, they earned a profit of Rs....
- Two individuals, Karan and Arjun, invested in a business. Karan invested Rs. (x + 250) for 9 months, while Arjun invested Rs. (x – 450) for 6 months. If Ar...
- X, Y, and Z join a partnership and invest some amount. After one year, X doubles its investment, Y increases its investment by 33(1/3)%, and Z increases it...
- A invested Rs X in a scheme. After 6 months, B joined with Rs 15000 more than that of A. After an year, ratio of profit of B to the total profit was 3: 7. ...
Relevant for Exams:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt