📢 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 and B started a business by investing Rs. 60,000 and

      Rs. 40,000 respectively. After 6 months, C joined with an investment of Rs. 80,000. If at the end of the year, B’s share of profit is Rs. 24,000, what is the total profit earned by the business?
      A 77,000 Correct Answer Incorrect Answer
      B 45,000 Correct Answer Incorrect Answer
      C 84,000 Correct Answer Incorrect Answer
      D 92,000 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      ATQ, Investment × time (in months): A: 60,000 × 12 = 7,20,000 B: 40,000 × 12 = 4,80,000 C: 80,000 × 6 = 4,80,000 Ratio of profit shares = 720 : 480 : 480 Divide by 240 → 3 : 2 : 2 Total parts = 3 + 2 + 2 = 7 Let total profit = P B’s share = (2/7) P Given B’s share = 24,000 (2/7) P = 24,000 P = 24,000 × (7/2) = 84,000

      Practice Next
      More Partnership Questions
      ask-question