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

    Question

    Radha started a dairy farm by investing Rs. 80,000.

    After 4 months, Krishna joined her, contributing Rs. 1,20,000 to the investment. At the end of one year, they earned a total profit of Rs. 60,000. If 40% of the profit is allocated to Radha for managing the entire farm, and the remaining 60% is distributed between Radha and Krishna based on their respective investments, what is Radha’s total share of the profit?
    A Rs. 18000 Correct Answer Incorrect Answer
    B Rs. 24000 Correct Answer Incorrect Answer
    C Rs. 36000 Correct Answer Incorrect Answer
    D Rs. 42000 Correct Answer Incorrect Answer
    E Rs. 48000 Correct Answer Incorrect Answer

    Solution

    Ratio of share in profit = (80000 × 12): (120000 × 8) = 1: 1 Profit of Radha for taking care of entire farm = 0.4 × 60000 = Rs. 24000 Share of Radha in remaining profit = (1/2) × (60000 – 24000) = (1/2) × 36000 = Rs. 18000 Therefore, total share of Radha = 24000 + 18000 = Rs. 42000

    Practice Next
    More Partnership Questions

    Relevant for Exams:

    ask-question