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

    Question

    Three partners – Arjun, Rakesh, and Manish – started

    a business with initial investments in the ratio 12:9:6. Manish actively manages the business and hence receives 10% of the total profit for his work. If the total profit after a year is Rs. 21,000, find Manish’s total profit share.
    A Rs. 3,080 Correct Answer Incorrect Answer
    B Rs. 6,300 Correct Answer Incorrect Answer
    C Rs. 8,200 Correct Answer Incorrect Answer
    D Rs. 5,580 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ,

    Profit share of Manish for being active working partner = 0.10 × 21000 = Rs. 2,100 Profit share of Manish for his investments = 21000 × 0.90 × (6/27) = Rs. 4,200 So, the total profit earned by Manish = 2100 + 4200 = Rs. 6,300

    Practice Next
    More Partnership Questions

    Relevant for Exams:

    ask-question