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

    Question

    Three individuals, L, M, and N, invest Rs 28,000, Rs

    35,000, and Rs 42,000 respectively in a business. At the end of the year, they earn a profit of Rs 56,000. If L takes Rs 5,000 for supervising the operations and the remaining profit is shared based on their investments, how much does M receive?
    A 15,000 Correct Answer Incorrect Answer
    B 16,000 Correct Answer Incorrect Answer
    C 17,500 Correct Answer Incorrect Answer
    D 18,000 Correct Answer Incorrect Answer
    E None Correct Answer Incorrect Answer

    Solution

    Total profit = Rs 56,000 Amount L takes for supervising = Rs 5,000 Remaining profit = 56,000 - 5,000 = Rs 51,000 Capital ratio of L:M:N = 28,000:35,000:42,000 = 4:5:6 M’s share of the remaining profit = (5/15) × 51,000 = 17,000

    Practice Next
    More Partnership Questions

    Relevant for Exams:

    ask-question