πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!

  • google app store apple app store
  • βœ–

      Question

      X and Y began a business with Rs. 12,000 and Rs. 15,000

      respectively. After 3 months, X decreased his capital by Rs. 2,000 and Z invested Rs. 10,000 in the business. What is X's share of the total profit of Rs. 31,500 earned at the end of the year?
      A Rs.12,000 Correct Answer Incorrect Answer
      B Rs.10,000 Correct Answer Incorrect Answer
      C Rs.15,200 Correct Answer Incorrect Answer
      D Rs.17,500 Correct Answer Incorrect Answer

      Solution

      ATQ,

      Ratio of profit share of X, Y and Z:

      = (12000 Γ— 3 + 10000 Γ— 9) : (15000 Γ— 12) : (10000 Γ— 9)

      = 21 : 30 : 15

      Therefore, profit share of X = (21 / 66) Γ— 31500 = Rs. 10,000

      Practice Next
      More Partnership Questions

      Relevant for Exams:

      ask-question