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      Question

      A, B and C invest Rs 50,000, Rs 40,000 and Rs 60,000

      respectively in a business. A invests for 12 months, B for 9 months and C for 8 months. If the total profit is Rs 74,400, find Cโ€™s share of profit.
      A Rs.44,700 Correct Answer Incorrect Answer
      B Rs.24,800 Correct Answer Incorrect Answer
      C Rs.23,800 Correct Answer Incorrect Answer
      D Rs.20,800 Correct Answer Incorrect Answer

      Solution

      Profit โˆ capital ร— time. A: 50,000 ร— 12 = 600,000 B: 40,000 ร— 9 = 360,000 C: 60,000 ร— 8 = 480,000 Ratio A : B : C = 600 : 360 : 480 Divide by 120 โ‡’ 5 : 3 : 4 Total parts = 5 + 3 + 4 = 12 Cโ€™s share = (4/12) ร— 74,400 = (1/3) ร— 74,400 = 24,800

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