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

  • google app store apple app store

    • Question

      A man invested ₹50,000 in a business. After 6 months,

      another partner joined with ₹80,000. At the end of the year, the total profit was ₹60,000. Find the share of the first partner in the profit.
      A ₹20,000 Correct Answer Incorrect Answer
      B ₹22,500 Correct Answer Incorrect Answer
      C ₹24,000 Correct Answer Incorrect Answer
      D none Correct Answer Incorrect Answer

      Solution

      First partner’s capital: ₹50,000 for 12 months = 50,000 × 12 = 6,00,000.  Second partner’s capital: ₹80,000 for 6 months = 80,000 × 6 = 4,80,000.  Ratio = 6,00,000:4,80,000 = 5:4.  Share of first partner = (5/9) × 60,000 = ₹33,333.  Correct option: d

      Practice Next
      ask-question